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ENGINE MAKERS * WORLDWIDE
* Cummins Inc.
* Hauling In Profits From Truckers
* Hauling In Profits From Truckers
New York,NY,USA -Seeking Alpha, by Todd Campbell -May 24, 2011: -- The world is set to pass 7 billion people later this year and meeting the needs of the global population is an ever-growing supply chain, much of which is powered by Cummins Inc (CMI) engines... Ward's Automotive Group estimates April's North American medium and heavy-duty truck production was 60.1% higher year-over-year; bringing year-to-date production to 50.3% above 2010... At Daimler's Freightliner, a key Cummins customer and the largest truck maker, sales were up 21.2% in April from last year. Paccar's Peterbilt and Kenworth trucks, also Cummins customers, saw sales rise 62% and 112.1% last month from 2010. And, over at Volvo, a Cummins customer and the 2nd largest global truck maker, there was a 40% increase in truck orders in Q1... Robust truck sales are a driving force behind Cummins guidance for a 30% increase in sales this year from 2010 - impressive considering the company did $14.5 billion in trailing 12-month sales. Even more remarkable, the 30% forecast is upwardly revised from its previous 20% forecast... A lot of Cummins success is tied to emerging markets including China, where sales rose 66% year over year in Q1. India and Brazil sales were up 31% and 39%, respectively too. The company sees a big future in Africa too where it is currently boosting investment...
* Cummins Exceeds EPA Climate Leaders Goal; Achieves 28 Percent Greenhouse Gas Reduction
Columbus,IND,USA -Business Wire -May 27, 2011: -- Cummins announced today that the company exceeded its 25 percent greenhouse gas (GHG) emissions reduction commitment upon completion of the U.S. Environmental Protection Agency's (EPA) Climate Leaders Program... Companies in the Climate Leaders Program complete a corporate-wide inventory of their GHG emissions based on a quality management system, set aggressive GHG emissions reduction goals, and report their progress annually to the EPA... Cummins joined the program in 2006 and set the goal of a 25 percent reduction of GHG emissions per dollar revenue from 2005 to 2010. As of year-end 2010, the Company achieved a 28 percent reduction in GHG emissions...
* Cummins working on 4-cylinder diesel pickup with 28 mpg, V8 power
(Photo: 2011 Nissan Titan)
Columbus,IND,USA-egm CarTech, by Omar Rana -May 26, 2011: -- Cummins Inc. is working on a 4-cylinder diesel engine aimed at providing full-size, light-duty pickups with the power of a small V8 engine. The company is targeting an overall fuel-economy of 28 mpg... The project, which began in September using a Nissan Titan pickup, is funded by the U.S. Department of Energy in partnership with Nissan Motor Co... The United States Energy Department is putting up $15 million of the project’s estimated $30 million cost... The diesel engine has a 2.8L displacement and produces 350 lb-ft of torque at about 1,800 rpm. Horsepower output is being targeted for a small V8... * USA - Demand for bigger engines shakes up US truck market
* Russia: GT Group wins £50m GAZ engine supply deal
Labels: engine makers
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