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. (NYSE: CMI) maintains its position as a global power technology leader through continuous innovation in diesel engines, clean energy solutions, and sustainable infrastructure. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and technological advancements.
Access real-time information about earnings reports, strategic partnerships, product launches, and environmental initiatives. Our curated news collection covers operational milestones across Cummins' core segments: engine manufacturing, power generation systems, and zero-emissions technologies like hydrogen fuel cells through its Accelera™ division.
Stay informed about regulatory compliance updates, supply chain developments, and progress toward PLANET 2050 sustainability goals. Content types include quarterly financial disclosures, leadership announcements, R&D breakthroughs, and market expansion updates across 190 countries.
Bookmark this page for streamlined access to verified Cummins news. Combine historical context with current developments to assess the company's role in powering global industries while transitioning to cleaner energy solutions.
Cummins announced it is raising its long-term financial targets due to a robust portfolio and effective strategy execution. The company is positioned to meet customer needs, reduce greenhouse gas emissions, and grow regardless of the transition pace to zero emissions. Cummins aims to enhance its base business while scaling Accelera for profitable growth and increased operating cash flow.
During a recent meeting, Cummins' leadership highlighted the company's strengthened position and plans for higher shareholder returns. Key factors include innovative technologies, strong customer partnerships, financial strength, and a skilled workforce.
Key growth opportunities were outlined in the Power Systems and Accelera businesses, with targeted profitability and revenue growth through 2030. The company plans to drive margin expansion and capital allocation to strengthen its market leadership and return excess cash to shareholders.
The Board of Directors of Cummins declared a quarterly common stock cash dividend of $1.68 per share.
The dividend is payable on June 6, 2024, to shareholders of record as of May 24, 2024.
This regular quarterly dividend announcement underscores the company's commitment to returning value to its shareholders.
Accelera by Cummins and Isuzu Commercial Truck of America announced a collaboration on a battery electric powertrain for Isuzu's F-series truck, targeting the North American market by 2026. This partnership leverages Accelera's next-gen lithium iron phosphate (LFP) battery technology for zero-emissions solutions. The initiative aligns with Isuzu's Environmental Vision 2050, aiming to reduce greenhouse emissions. This collaboration stems from the Isuzu Cummins Powertrain Partnership established in 2019, focusing on innovation and global growth in the zero-emissions sector.
Accelera by Cummins, a zero-emissions segment of Cummins, announced plans to launch a battery-electric powertrain for Isuzu’s F-series trucks in North America. The medium-duty trucks, featuring Accelera's next-gen lithium iron phosphate (LFP) battery technology, are expected to be available in 2026. This initiative aligns with Isuzu's 'Transformation - Growth to 2030' plan, aiming to reduce greenhouse emissions and offer versatile solutions to customers. The collaboration, stemming from the Isuzu Cummins Powertrain Partnership formed in 2019, will leverage both companies' strengths to further innovation and global growth.
Cummins Inc. and Isuzu Motors have introduced a new 6.7-liter engine, the Isuzu DB6A, for the Japanese, Southeast Asia, and global markets. As part of their partnership, the engine will power Isuzu's medium-duty truck lineup, marking Cummins' entry into the Japanese on-highway market. The engine will be assembled in Japan and signifies a significant milestone in the collaboration between the two companies.
The Environmental Protection Agency has announced the final rule for Phase 3 of its Greenhouse Gas Emissions for heavy-duty vehicles, setting new carbon dioxide emission standards for heavy-duty vehicles through model year 2032. The EPA considers comments from various stakeholders and the standards are technology-neutral and performance-based. The rule impacts different vehicle categories with varying adoption rates of zero-emission vehicles and internal combustion engines. The EPA also adds warranty requirements for zero-emission vehicle components and improves infrastructure readiness for electric and hydrogen vehicles.
Mohr Capital has secured a 1 million square foot lease at Mohr Logistics Park with Cummins Inc (NYSE: CMI), further establishing the park as a blue-chip industrial location. Cummins' long-term lease for a 40-foot clear-height warehouse enhances the Park's reputation with high-quality tenants. The park boasts Fortune 100 companies and was awarded the CoStar Impact Award for 'Commercial Development of the Year' in 2024.
Cummins Inc., a global power technology leader, announced a $580 million project in Rocky Mount, NC, to drive economic growth and create 80 new jobs. The project aligns with Cummins' Destination Zero Strategy for zero emissions, involves upgrading manufacturing equipment, and supports decarbonization efforts. Cummins' commitment to the community includes partnerships with educational institutions and local organizations, showcasing a dedication to sustainability and community impact.
Valvoline Global and Cummins Inc. are celebrating their 30th anniversary of partnership, highlighting their joint efforts in developing cutting-edge products. The collaboration has resulted in premium engines, generators, lubricants, and fluid solutions that enhance customer value and efficiency. Both companies have received recognition for their innovative products, with plans for further expansion and impact in global automotive and industrial sectors.
Accelera by Cummins, a zero-emissions business segment of Cummins Inc., is collaborating with BMC Otomotiv to provide battery solutions for their transit bus operations in Europe, marking the first use of the BP97E battery pack in the region. The high-energy-density battery pack offers up to 97 kWh storage capacity, allowing for efficient and reliable transportation while promoting sustainability. The project is set to deliver batteries in the first half of 2024 and buses to customers in 2025.
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