COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2023 results. “High global demand for Cummins’ diverse set of innovative products drove record full year revenues and operating cash flow in 2023,” said Jennifer Rumsey, Chair and CEO. “Excluding the impacts related to the agreement to resolve U.S. regulatory claims, 2023… Continue reading Cummins Reports Fourth Quarter and Full Year 2023 Results
Author: BusinessWire Online News
Allison Transmission to Drive Innovation with New Venture Capital Arm
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, 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 announced it is launching Allison Ventures. Allison Ventures will strategically invest in, and partner with, start-up and growth-stage companies to foster advancements… Continue reading Allison Transmission to Drive Innovation with New Venture Capital Arm
Toyoda Gosei Increases Interior and Exterior Automotive Parts Production Capacity in USA
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) will invest $59.9M (USD) to increase production capacity at two of its American subsidiaries, TG Missouri Corporation (TGMO) and TG Kentucky, LLC (TGKY), to keep up with growing sales of interior and exterior automotive parts in the key North American market. In the coming years automakers are expected… Continue reading Toyoda Gosei Increases Interior and Exterior Automotive Parts Production Capacity in USA
Allison to Provide e-Axles to Oshkosh Corporation for North America’s First Fully Integrated, Zero-Emission Electric Refuse Collection Vehicle
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is proud to be selected by Oshkosh Corporation as its electric axle supplier for North America’s first fully integrated, zero-emission electric refuse collection vehicle. The Allison eGen Power® 100S has been successfully integrated into the McNeilus® Volterra™… Continue reading Allison to Provide e-Axles to Oshkosh Corporation for North America’s First Fully Integrated, Zero-Emission Electric Refuse Collection Vehicle
Allison Transmission Forms Strategic Partnership with SANY to Provide Transmissions for Mining Vehicles
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce a strategic partnership agreement with SANY, a global heavy equipment manufacturer for the mining and construction markets. Allison will supply its family of Off Road Series™ (ORS) and Wide Body Dump Series™ (WBD) transmissions for integration into their lineup of mining vehicles including the next-generation SANY SKT105 wide… Continue reading Allison Transmission Forms Strategic Partnership with SANY to Provide Transmissions for Mining Vehicles
Accelera by Cummins, Daimler Truck and PACCAR select Mississippi for battery cell production in the United States
COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.–(BUSINESS WIRE)–Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for… Continue reading Accelera by Cummins, Daimler Truck and PACCAR select Mississippi for battery cell production in the United States
Allison Transmission Awarded $83.3 Million Contract to Support U.S. Army Abrams Tank Modernization and Tank Production for Abrams User Nations
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, received an $83.3 million contract to provide upgraded and new X1100 transmissions supporting Abrams Main Battle Tank variants used by the U.S. Army and Foreign Military Sales customers. “Allison is proud to be part of the… Continue reading Allison Transmission Awarded $83.3 Million Contract to Support U.S. Army Abrams Tank Modernization and Tank Production for Abrams User Nations
Allison Transmission Announces Ratification of New Labor Agreement with the UAW
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission announced today that a new collective bargaining agreement with the International United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) Local 933 has been ratified. The contract covers approximately 1,600 UAW-represented employees at Allison facilities in Indianapolis, Indiana and has a four-year duration, expiring on November 14, 2027. “This milestone represents… Continue reading Allison Transmission Announces Ratification of New Labor Agreement with the UAW
Valmet Automotive concludes change negotiations
As a result of the negotiations, the total number of redundancies will be 115, of which 20 are dismissals and the rest layoffs until further notice. The implementation of related measures will be started in January-February 2024. The change negotiations were initiated due to a decrease in vehicle contract manufacturing services, which has led to… Continue reading Valmet Automotive concludes change negotiations
Toyoda Gosei’s Cota® Wireless Power Magnetic Phone Chargers Receives CES Innovation Award
KIYOSU, Japan–(BUSINESS WIRE)–The Cota1 Forever Magnetic Charger, a wireless power receiver for mobile phones developed by Toyoda Gosei Co., Ltd. (TOKYO:7282) and Ossia Inc. (USA), has received an Innovation Award at Consumer Electronics Show (CES)2 2024. The Innovation Awards recognize outstanding design and engineering achievements in consumer technology. The Cota Forever Magnetic Charger was awarded… Continue reading Toyoda Gosei’s Cota® Wireless Power Magnetic Phone Chargers Receives CES Innovation Award