Truck News

Product

Cummins, International kill deal

CHICAGO, Ill. -- Cummins and International Truck and Engine have put an end to a potential heavy-duty engine develo...


CHICAGO, Ill. — Cummins and International Truck and Engine have put an end to a potential heavy-duty engine development and manufacturing joint venture.

But, Cummins says it will continue to explore ways to restructure its participation in the North American heavy-duty truck engine market, and its engine product line will meet the deadline to produce lower emissions engines as outlined in a consent decree the company signed in 1998.

Over the last several months the company had signed long-term supply agreements with PACCAR, International Truck and Engine Corporation, and Volvo Trucks North America.

Implementation of the agreements is proceeding as planned, and will allow Cummins and its partners to improve their combined cost structure.

Cummins is also restructuring its engine business, as part of a series of steps that were announced in December 2000 and are expected to yield $55 million per year in savings by the end of 2001.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*