The plant expansion is necessary due to several new customer orders the Roof & Kinematic Systems (RKS) business line has received from renowned European automotive manufacturers in recent months. So far, convertible roof systems and kinematic solutions have been manufactured in a production area of 16,000 square meters, but a construction work for the expansion… Continue reading Valmet Automotive expands Zary plant to extend production of electromobility solutions
Author: BusinessWire Online News
Allison Transmission Announces Third Quarter 2023 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), today reported third quarter net sales of $736 million, a 4 percent increase from the same period in 2022 and diluted EPS of $1.76, a 21 percent increase from the same period in 2022. David S. Graziosi, Chairman and Chief Executive Officer of Allison Transmission commented, “Allison’s third… Continue reading Allison Transmission Announces Third Quarter 2023 Results
Allison Transmission Selected for Australian Armored Vehicle Project as Part of Hanwha's Redback
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense platforms is pleased to announce its X1100-5A3™ cross-drive as the propulsion solution for the Hanwha Redback that was recently selected for Australia’s LAND 400 Phase 3 program scoped to replace the M113 Armored Personnel… Continue reading Allison Transmission Selected for Australian Armored Vehicle Project as Part of Hanwha's Redback
Cummins Components President Mahesh Narang to depart the company
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced that Mahesh Narang, Cummins Vice President and President of the Components Business, is departing Cummins on Oct. 27 to pursue an external opportunity. Mahesh served in a variety of business leadership roles during his more-than 20-year career at Cummins. “Mahesh’s impact on Cummins and our people are… Continue reading Cummins Components President Mahesh Narang to depart the company
CORRECTING and REPLACING Cummins Collaborates with Industry Partners on Open Telematics Architecture for Commercial Vehicles
COLUMBUS, Ind.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions. The updated release reads: CUMMINS COLLABORATES WITH INDUSTRY PARTNERS ON OPEN TELEMATICS ARCHITECTURE FOR COMMERCIAL VEHICLES Today global power and technology leader Cummins Inc. (NYSE: CMI) announced its collaboration with the Eclipse Foundation, Microsoft, and industry partners to release a… Continue reading CORRECTING and REPLACING Cummins Collaborates with Industry Partners on Open Telematics Architecture for Commercial Vehicles
Allison Transmission Honors Guild Technician Skills Competition Finalists
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce the winner of the Allison Guild Technician Skills Competition. Matt Kagarise from Penn Power Group was named Grand Champion of the competition at the Guild Star Awards banquet hosted in Dallas, Texas during First Line 2023, Allison’s biannual event for its North America service channel professionals that focuses… Continue reading Allison Transmission Honors Guild Technician Skills Competition Finalists
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 December 7, 2023, to shareholders of record on November 24, 2023. 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
Cummins Elects Daniel W. Fisher to Its Board of Directors
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the election of Daniel W. Fisher to its Board of Directors. “I am delighted to welcome Dan to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “Dan brings a wealth of financial, business operations, and leadership expertise to this role. His leadership experience… Continue reading Cummins Elects Daniel W. Fisher to Its Board of Directors
Cummins, Inc. Debuts Combined Drivetrain for Defense Applications
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the unveiling of its first combined solution to leverage solutions from its Cummins-Meritor portfolio engineered specifically for the demands of wheeled defense vehicles. This proof-of-concept drivetrain will be unveiled at the 2024 Annual AUSA Conference in Washington, DC, October 9-11. Leveraging the strengths of several existing Cummins’… Continue reading Cummins, Inc. Debuts Combined Drivetrain for Defense Applications
Allison Transmission and B-Metro Partner on Electric Hybrid Technology to Modernize Public Transit System in Texas
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission will partner with B-Metro, the public transit system in Brownsville, Texas, to provide the Allison eGen FlexTM electric hybrid propulsion system for 35-foot GILLIG buses. The city recently received a $4.7 million grant from the Federal Transit Administration’s (FTA) 2023 Low or No Emission Program. Brownsville named Allison’s eGen Flex electric hybrid… Continue reading Allison Transmission and B-Metro Partner on Electric Hybrid Technology to Modernize Public Transit System in Texas