Cummins Inc. has become the latest in a string of companies to withdraw its 2025 guidance.
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A company spokeswoman told IBJ that the new workforce reductions are related to Destination Zero—the company’s previously announced goal of achieving zero emissions by 2050.
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A California-based tech firm that develops artificial-intelligence-powered applications accused the Indiana-based manufacturer of stealing its trade secrets.
Cummins said it “was strategically aligning its distribution network following the opening of the Indianapolis Distribution Center in Whiteland, Indiana, and the Chicago Regional Distribution Center.”
Cummins is offering eligible Ram truck owners up to $1,000 to encourage them to complete an emissions-related recall tied to a record-setting environmental settlement.
Columbus-based Cummins Inc. is reporting full-year net income of $2.8 billion in 2025, down from $3.9 billion the previous year as the company continues to review its hydrogen electrolyzer business.
Cummins, which until recently saw huge growth potential for its hydrogen electolyzer operations, now says it’s reevaluating that business because demand for the products has evaporated.
Cummins said it reorganized its Accelera business unit because of a slowdown in demand for some of its alternative-fuel products.
California-based tech company C3.ai, which accuses Cummins of “brazen misappropriations of trade secrets and breach of contract,” said it plans to seek damages estimated at between $500 million and $1 billion.
Cummins saw its first quarter revenue drop by 1% on a year-over-year basis. Its profit was way up due to one-time gains from the spinoff of its filtration business.
The Indiana-based manufacturer agreed late last year to pay $2 billion to settle allegations that it unlawfully altered hundreds of thousands of Ram pickup truck engines in violation of Clean Air Act emission standards.
Cummins posted a rare quarterly loss in the fourth quarter, which was largely due to a previously announced $2 billion environmental settlement. The settlement also reduced the manufacturer’s full-year profit for 2023.
The joint venture, which includes Cummins and three other companies, was formed last year for the purpose of building a battery plant for commercial vehicles.
The repair only involves software updates. Cummins has already started the recall and repair program required by the settlement.
Cummins has reached an agreement with the U.S. Department of Justice and will pay $1.675 billion—the largest Clean Air Act settlement in history—to resolve allegations that the company violated the Clean Air Act by installing “defeat devices” in some of its pickup truck engines.
Cummins, which reported revenue of $8.4 billion during the third quarter, has 73,600 employees worldwide, including 10,500 in Indiana.
Cummins focuses on both hydrogen-powered and battery electric products through its zero-emissions business unit, which does business as Accelera by Cummins. But hydrogen is emerging as the breakout star for the company.
The group hopes to improve civic education in a state that ranks among the bottom nationally when it comes to voter registration and turnout.
The joint venture will initially focus on the production of lithium-iron-phosphate batteries for commercial battery-electric trucks.
Rumsey will take over as Cummins board chair on Aug. 1, after former CEO Tom Linebarger steps down from the position.
Cummins plans to acquire two manufacturing sites, one in its hometown of Columbus, Indiana, from France-based Faurecia.
In April 2022, Cummins announced plans to spin off the business, then known as Cummins Filtration, which provides filtration products for trucks, off-highway industrial equipment and power generation systems.
