TRUCKS ENGINE MAKER * USA -
* Cummins’ 1Q Profit Jumps
USA -Transport Topics -30 April 2008: -- Diesel engine maker Cummins Inc.’s first-quarter profit jumped 33% to $190 million, or 97 cents a share, from $143 million, or 71 cents, a year ago... Sales rose 23% to $3.47 billion, the company said Wednesday... Sales growth was led by the engine segment, its largest unit. Heavy-duty and medium-duty truck engine shipments increased 36% and 68%, respectively, primarily due to increased market share in North America, the company said in a statement... Through February, the latest month for which statistics are available, Cummins said it owned a market-leading share of 43% of the North American Class 8 truck engine market, compared to 28 percent at the same time last year...
Labels: engine makers
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