A sale of Jenbacher, which makes engines that generate power and heat for industrial facilities, is poised to be GE’s biggest to date in CEO John Flannery’s plan to reshape the company.
The program, which Cummins is describing as its “most ambitious community initiative ever,” is called Cummins Powers Women.
The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.
The Indiana-based manufacturer outpaced Wall Street expectations with a 26 percent increase in revenue and 57 percent rise in profit in the third quarter.
Cummins said the acquisition is an “important milestone” as it works to introduce its first all-electric engines.
A virtual-power purchase agreement is a new type of energy contract that allows a large customer to support green-energy projects and hedge electricity prices
Industry players find themselves in a precarious spot. If they don’t embrace the electric-vehicle future, they look backward. But if they dive in with excessive exuberance, they risk wasting hundreds of millions of dollars.
Cummins Inc. missed Wall Street expectations with its bottom line, but raised its outlook for the full-year.
One of the projects will be located at the global headquarters of the Fortune 500 engine maker, and the other will involve construction of a new railroad overpass in the city.
Q&A with Sherry Aaholm, Cummins Inc.: “My mother, early on, taught me the value of hard work, the value of recognizing diversity, the value of recognizing engagement and the fact that you’re just as powerful to do what you want to do.”
The Columbus-based company, known for its diesel engines, says it’s positioning itself for the future in alternative vehicle technologies.
The engine maker’s profit and revenue in the first quarter beat the expectations of analysts.
Each company is expected to have equal ownership of the joint venture, which will focus on medium- and heavy-duty automated transmissions.
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
Changes in trade policy would reverberate across Indiana, given its status in a new Brookings Institution study as the most export-dependent state in the country.
The Indiana-based engine manufacturer saw sales sink during the fourth quarter and the entire year.
The Columbus-based engine maker says having an expanded presence in Indianapolis through its $30 million-plus global distribution headquarters should help the company recruit talent that prefers urban life.
Chrysler and its diesel technology partner Cummins Inc. are accused of fraud, false advertising and racketeering in the complaint, filed Monday in Detroit federal court on behalf of the owners of almost 500,000 Dodge Ram model trucks.