CUMMINS & EATON * USA: New 50-50 joint venture
* Ohio - Cummins and Eaton in driveline JV
Cummins and Eaton are expanding their partnership in vehicle powertrains with the establishment of a new 50-50 joint venture that will be called Eaton Cummins Automated Transmission Technologies... Under the terms of the agreement, Eaton will receive $600 million in cash from Cummins for 50 percent interest in the joint venture... Since 2013, Cummins and Eaton have partnered in the development of a range of SmartAdvantage powertrain systems for heavy-duty trucks. The powertrains combine Cummins diesel engines with Eaton’s transmissions... The joint venture will design, assemble, sell and support all future medium-duty and heavy-duty automated transmissions for the commercial vehicle market...
Beachwood, Ohio, USA - WikipediaBusworld.org - 20 APR 2017