Author: BusinessWire Online News

Valmet Automotive’s operations are CO2 neutral since beginning of 2022

Valmet Automotive Group is confirmed by the international classification society DNV to be CO2 neutral in its operations since January 1, 2022. Carbon neutrality is a strategic goal of Valmet Automotive, and the company has significantly reduced emissions from its operations in recent years. Valmet Automotive is a leading player in the automotive industry in climate… Continue reading Valmet Automotive’s operations are CO2 neutral since beginning of 2022

Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company’s quarterly dividend from $0.19 to… Continue reading Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date

Cummins Shares Plans to Deliver Long-Term Growth and Increased Profitability

COLUMBUS, Ind.–(BUSINESS WIRE)–At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE: CMI), a global power leader, shared the Company’s plans to generate profitable growth driven through leadership in the design, manufacture, and support of powertrain technology across a number of fuel types and power sources. “The decarbonization… Continue reading Cummins Shares Plans to Deliver Long-Term Growth and Increased Profitability

Cummins to Acquire Meritor

COLUMBUS, Ind. & TROY, Mich.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins… Continue reading Cummins to Acquire Meritor

Allison Transmission Announces Fourth Quarter and Full Year 2021 Results

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today reported a 20 percent increase in net sales from the same period in 2020, and a 14 percent… Continue reading Allison Transmission Announces Fourth Quarter and Full Year 2021 Results

Grammer expanding aftermarket presence in Europe: Fricke Group to be an authorized Grammer sales partner

Next step by Grammer towards strategic growth Strong partnership for Europe-wide business in seats and spare parts Grammer offroad and truck products now also available through the Fricke Group’s Europe-wide logistics network Grammer AG, February 16, 2022 – Digital access, reliable deliveries and comprehensive service are key factors for success in the aftermarket. They also… Continue reading Grammer expanding aftermarket presence in Europe: Fricke Group to be an authorized Grammer sales partner

Cummins to Acquire Engine Braking and Cylinder Deactivation Company to Advance Its Path to a Zero Emissions Future

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today announced the signing of an agreement to acquire Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp., and a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The agreement brings the addition of new technologies to provide growth opportunities for Cummins’… Continue reading Cummins to Acquire Engine Braking and Cylinder Deactivation Company to Advance Its Path to a Zero Emissions Future

Allison Transmission Delivers First Next-Generation Hydraulic Fracturing Transmissions to Multiple Industry Partners

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified propulsion solutions, is pleased to announce the delivery of the first Allison FracTranTM transmissions to multiple industry partners. Allison’s FracTran is an all-new Oil Field SeriesTM transmission designed from-the-ground-up to meet the unique demands of the hydraulic fracturing industry and represents an incremental… Continue reading Allison Transmission Delivers First Next-Generation Hydraulic Fracturing Transmissions to Multiple Industry Partners