Author: BusinessWire Online News

Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today announced that it closed on the previously announced NPROXX joint venture with ETC for hydrogen storage tanks. “NPROXX’s leading hydrogen storage products are an exciting complement to our broad and differentiated hydrogen portfolio,” said Amy Davis, Vice President and President, New Power at Cummins Inc. “Many companies aspire… Continue reading Cummins Closes on NPROXX Joint Venture for Hydrogen Storage

Cummins to Open New Fuel Cell Systems Production Facility in Germany, Strengthening Its Commitment to Hydrogen in Europe

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today announced it will open a new facility in Herten, Germany, which will initially focus on the assembly of fuel cell systems for global transportation leader Alstom’s hydrogen trains. As a global power leader, Cummins has a strong presence in Europe. Employing more than 6,700 people across Europe, Cummins’… Continue reading Cummins to Open New Fuel Cell Systems Production Facility in Germany, Strengthening Its Commitment to Hydrogen in Europe

Cummins and Navistar to Collaborate on Heavy-Duty Class 8 Truck Powered by Hydrogen Fuel Cells

INDIANAPOLIS–(BUSINESS WIRE)–Global power leader Cummins Inc. (NYSE: CMI) and Navistar International Corporation (NYSE: NAV) will work together on the development of a class 8 truck powered by hydrogen fuel cells. The project will be funded in part through an award from the U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE)… Continue reading Cummins and Navistar to Collaborate on Heavy-Duty Class 8 Truck Powered by Hydrogen Fuel Cells

Allison Transmission Prices Offering of $1 Billion Aggregate Principal Amount of 3.750% Senior Notes Due 2031

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings, Inc. (NYSE: ALSN) (“Allison” or the “Company”) today announced that its wholly owned subsidiary, Allison Transmission, Inc. (the “Issuer”), priced its offering of $1 billion in aggregate principal amount of 3.750% Senior Notes due 2031 (the “Notes”) on November 9, 2020 in a private placement (the “Offering”) exempt from registration under… Continue reading Allison Transmission Prices Offering of $1 Billion Aggregate Principal Amount of 3.750% Senior Notes Due 2031

Valmet Automotive expands production capacity of battery packs in Salo

Valmet Automotive is extending the battery plant in Salo, Finland after less than 12 months of operation to meet the needs of increased production volumes of battery packs. The extension will increase the production capacity of battery packs and double the number of employees in the next few years. The construction work has already started and will… Continue reading Valmet Automotive expands production capacity of battery packs in Salo

Valmet Automotive launches urgent recruitment of 400 car builders

Valmet Automotive launches today a recruitment of 400 car builders for the Uusikaupunki car plant. The car sales are growing rapidly, and Valmet Automotive will be recruiting on a very urgent schedule. With rising production volumes, the new car builders will be needed at work already by the end of January. Online application is available on… Continue reading Valmet Automotive launches urgent recruitment of 400 car builders

Grammer AG has resolved to increase its share capital by EUR 40 million from authorised capital with subscription rights for the shareholders

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 GRAMMER AG (WKN 589540, ISIN DE0005895403) Grammer AG has resolved to increase its share capital by EUR 40 million from authorised capital with subscription rights for the shareholders   Ursensollen, 29 October 2020 – The Executive Board of Grammer AG today… Continue reading Grammer AG has resolved to increase its share capital by EUR 40 million from authorised capital with subscription rights for the shareholders

Allison Transmission Announces Third Quarter 2020 Results

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, today reported net sales for the third quarter of $532 million, a 20 percent decrease from the same period in 2019… Continue reading Allison Transmission Announces Third Quarter 2020 Results

Cummins Reports Third Quarter 2020 Results

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2020. Third quarter revenues of $5.1 billion decreased 11 percent from the same quarter in 2019. Sales in North America declined by 18 percent while international revenues were flat. Currency negatively impacted revenues by 1 percent primarily due to a weaker… Continue reading Cummins Reports Third Quarter 2020 Results