COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January. “These leaders each demonstrate, in their own unique ways, a… Continue reading Cummins promotes five new leaders to vice president
Author: BusinessWire Online News
Allison Transmission Announces a 9% Increase to the Quarterly Dividend 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 $0.23 to… Continue reading Allison Transmission Announces a 9% Increase to the Quarterly Dividend and the Annual Stockholders Meeting and Record Date
Allison Ventures Announces Strategic Investment in Niron Magnetics
INDIANAPOLIS–(BUSINESS WIRE)–Allison Ventures, Allison Transmission’s venture capital arm, is pleased to announce its strategic investment in Niron Magnetics, a pioneering company in the field of sustainable non-rare earth permanent magnets. This investment marks a significant milestone in the advancement of clean energy solutions and the reduction of reliance on critical materials. “Niron Magnetics is excited… Continue reading Allison Ventures Announces Strategic Investment in Niron Magnetics
Cummins Launches Exchange Offer for Separation of Atmus Filtration Technologies Inc.
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced that it will commence an exchange offer to fully split off its remaining interest in Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”). In May 2023, Atmus completed its initial public offering where 19.5%, or 16,243,070 shares, of Atmus’ common stock was sold, with Cummins retaining the… Continue reading Cummins Launches Exchange Offer for Separation of Atmus Filtration Technologies Inc.
Cummins Inc. Declares Quarterly Common Stock Dividend
COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on March 7, 2024, to shareholders of record on February 23, 2024. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design,… Continue reading Cummins Inc. Declares Quarterly Common Stock Dividend
Allison Transmission Announces Record Fourth Quarter and Full Year 2023 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) today reported an 8 percent increase in fourth quarter net sales from the same period in 2022, propelling full year net sales to a record $3.04 billion. Diluted EPS for the year increased 34 percent from 2022 to a record $7.40. David S. Graziosi, Chairman and Chief Executive… Continue reading Allison Transmission Announces Record Fourth Quarter and Full Year 2023 Results
Valmet Automotive received top CDP rating for climate work
Valmet Automotive has systematically developed its processes and reporting to meet the Paris Agreement target of limiting global warming to 1.5 degrees Celsius. In the CDP assessment, the company received full marks in the categories of Scope 1 and 2 emissions reporting, risk assessment and management processes, and good governance. Valmet Automotive achieved the A-… Continue reading Valmet Automotive received top CDP rating for climate work
Cummins Elects John H. Stone to its Board of Directors
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors. “I am delighted to welcome John to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “John joins our board with deep expertise in our industry and leading strategic, technology-led growth and expansion… Continue reading Cummins Elects John H. Stone to its Board of Directors
Allison Transmission’s 3414 Regional Haul Series™ Selected by One of the World’s Largest Logistics Companies for Natural Gas-Powered Fleet
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce a leading global logistics and delivery company will add Freightliner Cascadia compressed natural gas (CNG) day cab tractors equipped with the Allison 3414 Regional Haul Series™ (RHS) transmission to its fleet of 18,000 tractors. After initially introducing the 3414 RHS into Cascadia models paired with the DD13 diesel… Continue reading Allison Transmission’s 3414 Regional Haul Series™ Selected by One of the World’s Largest Logistics Companies for Natural Gas-Powered Fleet
Allison Transmission Partners with Volare to Introduce South America’s First School Buses Equipped with Fully Automatic Transmissions
INDIANAPOLIS–(BUSINESS WIRE)–In partnership with Volare, Brazil’s leading minibus manufacturer, Allison Transmission will equip South America’s first school buses with fully automatic transmissions. Brazil’s National Fund for Educational Development (FNDE), a federal agency connected to the Ministry of Education, recently announced grants to finance 320 new buses equipped with Allison Torqmatic™ Series transmissions as part of… Continue reading Allison Transmission Partners with Volare to Introduce South America’s First School Buses Equipped with Fully Automatic Transmissions