The Indiana coalition, which received U.S. Department of Energy encouragement to submit a full proposal, is now deciding whether to join forces with other applicants for a better chance of securing a portion of $7 billion in federal funding.
Why did major Indiana companies stay silent on new abortion law—until it passed?
Despite negative impacts, Indiana’s largest employers didn’t weigh in publicly on the state’s new abortion law while it was being debated.Read More
Cummins shareholders reject splitting CEO, board chair duties
Had the proposal been approved, Cummins CEO Tom Linebarger would have been stripped of the chairmanship.Read More
The program in the engine maker’s global Technical Education for Communities initiative will be geared primarily for juniors and seniors at Arsenal Tech High School in Indianapolis.
Meritor, which had 9,600 global employees pre-acquisition, is a leader in electric axle and brake technology.
A former IndyGo bus could start a second life by the end of the year—distributing fresh food, providing nutrition education and troubleshooting problems Indianapolis residents have applying for food stamps.
Cummins said its profitability was affected by several expenses last quarter, the largest of which was the $56 million that the company spent on a one-time bonus to employees.
The bill is being closely watched in Indiana, where manufacturers, research universities and economic development officials are rooting for its passage.
Jennifer Rumsey, who was named the first woman CEO in Cummins’ 103-year history, said addressing climate change remains a key priority for the company.
Linebarger will be replaced by Cummins President and Chief Operating Officer Jennifer Rumsey, who has been with Cummins for 22 years, including the last 16 months as COO.
Top Indiana companies for diversity provide unconscious bias training, support minority-owned businesses
For the 14 Indiana companies that made Forbes’ 2022 list of America’s Best Employers for Diversity, efforts go far beyond diversifying the composition of the executive leadership team or the board of directors.
Cummins made the disclosure in its first-quarter financial report. Profit dropped in the period, but sales hit a record high. The company also said interest in its emerging hydrogen business is growing.
Columbus-based Cummins has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering for its filtration business. Cummins announced last summer that it was looking at “strategic alternatives” for the business.
An unnamed Cummins shareholder is proposing that the company separate its CEO and board chair roles, which are both held by Tom Linebarger. Cummins is recommending that shareholders vote against this proposal.
Barner talked with host Angela B. Freeman about the challenges she faced building her career, how she has helped others overcome similar barriers and what companies and law firms can do to increase diversity.
The grant will be used to fund mortgages to low-income residents who are buying one of 12 newly-constructed homes that are being built on previously-vacant properties in the neighborhood.
The agreement between Cummins and Texas-based Rush Enterprises will help Cummins bring natural-gas-powered commercial vehicles to market.
Prosecutors say the Ohio man, who formerly worked for Cummins in Michigan, stole profit-sharing money that was supposed to have been distributed to company employees.