A new venture

  • 14-Aug-2008 09:31 EDT

Cummins Inc. has concluded its joint ventures with CNH Global N.V. and Iveco N.V. Under the new agreement, Cummins will purchase CNH’s equity stake in Consolidated Diesel Co. (CDC) and will sell its interest in the European Engine Alliance (EEA). CDC, located in Whitakers, NC, will become a wholly owned entity of Cummins. Cummins entered the joint venture with Case Corp. in 1980 and has produced more than 2.7 million midrange engines. Cummins will purchase CNH’s 50% interest in CDC. EEA was established in 1996 as a joint venture between Cummins and two Fiat Group companies, Iveco N.V. and New Holland, which is now CNH Global N.V., to develop a new generation of 4-, 5-, and 6-L engines. Cummins will sell its one-third interest in EEA to Fiat Powertrain Technologies.

Share
HTML for Linking to Page
Page URL
Grade
Rate It
0.00 Avg. Rating

Read More Articles On

2017-11-17
Chief Technology Officer Dr. Ben Patel details Tenneco’s latest system solutions developed to address two key goals for commercial trucks: reducing criteria pollutants and improving fuel economy.
2017-09-06
New Holland is ramping up its focus on vehicles that burn alternative fuels, unveiling the prototype for a methane-powered tractor set for introduction in the 2020 time frame. The engine slashes operating costs, reduces emissions and cuts noise.
2017-08-08
The two new electric-powered buses incorporate the latest technologies in electric motors, batteries and control systems. The electric power option comes on top of a varied assortment of fuel sources that Blue Bird offers.
2017-05-08
OEMs can’t wait until the end of the process to think about how the machine and engine will be supported in the field. For attentive suppliers, that means innovations in modern diesel engines cannot be restricted just to combustion and emissions technologies any longer, says Perkins' Oliver Lythgoe.

Related Items

Technical Paper / Journal Article
1989-09-01
Technical Paper / Journal Article
1989-09-01
Training / Education
2018-06-05
Standard
2017-08-14
Training / Education
2011-04-12
Technical Paper / Journal Article
1990-04-01