Welcome to our dedicated page for Cummins news (Ticker: CMI), a resource for investors and traders seeking the latest updates and insights on Cummins stock.
Cummins Inc., headquartered in Columbus, Indiana, is a global leader in power solutions. The company designs, manufactures, distributes, and services diesel and natural gas engines and related technologies. This includes fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems. With a workforce of approximately 75,500 employees, Cummins operates in around 190 countries through a network of 600 company-owned and independent distributors and 7,200 dealer locations.
Cummins' product portfolio is highly diversified. It includes engines used in commercial trucks, off-highway machinery, and railroad locomotives. The company also manufactures standby and prime power generators and powertrain components such as transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins has maintained its position as the top manufacturer of diesel engines despite intense competition and stringent government regulations on carbon emissions.
One of Cummins' recent achievements is the inauguration of a new state-of-the-art facility in Jamshedpur, India, in partnership with Tata Motors. This facility focuses on producing hydrogen-based internal combustion engines for medium and heavy commercial vehicles, reflecting the company's commitment to sustainable and zero-emission technologies. This project aligns with Cummins' long-term sustainability plan, PLANET 2050, aimed at addressing climate change and resource use while improving communities globally.
Cummins continues to expand its technological capabilities to support its Destination Zero strategy, which aims to advance decarbonization and offer customers a wide range of zero-emission products. In 2023, the company reported earnings of $735 million on sales of $34.1 billion, indicating a robust financial performance. Cummins remains committed to its core principles of sustainability, innovation, and customer success, driven by its vast technological expertise and global manufacturing network.
Cummins Inc. (NYSE: CMI) has appointed Alison Trueblood as Vice President of Cummins Emissions Solutions, effective May 1. Trueblood's vast experience in leadership roles within Cummins, particularly in fuel cell and hydrogen technologies, makes her well-suited to lead the company through stricter emissions regulations and the transition to a more sustainable future. Her global experience and business acumen will be instrumental in executing Cummins' Destination Zero strategy and strengthening the company's position in the market.
Cummins Inc. (NYSE:CMI) has appointed four new leaders to the role of vice president, in addition to one already appointed earlier in January. The new leaders have been recognized for their expertise, commitment to the company's culture, and ability to drive success in the ever-evolving energy transition. Each leader brings unique skills and experiences that will help position Cummins for greater success in the future.
FAQ
What is the current stock price of Cummins (CMI)?
What is the market cap of Cummins (CMI)?
What does Cummins Inc. specialize in?
Where is Cummins Inc. headquartered?
How many employees does Cummins Inc. have?
In how many countries does Cummins Inc. operate?
What are some recent achievements of Cummins Inc.?
What is Cummins' PLANET 2050 strategy?
What is the Destination Zero strategy?
How did Cummins perform financially in 2023?
What are the core business units of Cummins Inc.?
How does Cummins contribute to sustainability?
