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
Author: BusinessWire Online News
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
Velodyne Lidar Wins Patent Challenge Brought by Quanergy in Federal Circuit Court of Appeals
SAN JOSE, Calif.–(BUSINESS WIRE)– #VelodyneLidar–Velodyne Lidar announced it has won a patent challenge brought by competitor Quanergy. Go to Source
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
Quanergy Systems Announces Closing of Business Combination
SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems Announces Closing of Business Combination Go to Source
Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems
COLUMBUS, Ind. & VANCOUVER, British Columbia–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT | Nasdaq:WPRT) have agreed to a share purchase agreement for the sale of Westport’s stake in the Cummins Westport Joint Venture (“JV”) with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins… Continue reading Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems
Cummins Reports Fourth Quarter and Full Year 2021 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported full year 2021 results. Revenues for the full year were $24 billion, 21 percent higher than 2020. Sales in North America increased 17 percent and international revenues increased 27 percent. Sales increased in all major regions compared to the prior year, which was severely impacted by the… Continue reading Cummins Reports Fourth Quarter and Full Year 2021 Results
Velodyne Lidar Announces Dr. Anurag Gupta as Executive Vice President of Engineering
SAN JOSE, Calif.–(BUSINESS WIRE)– #VelodyneLidar–Velodyne Lidar announced it has appointed Dr. Anurag Gupta as its Executive Vice President of Engineering. Go to Source