Electric Avenues: Cummins sees future in diversity
COLUMBUS, IN -- If you're one of those who's been thinking that Cummins is a dead duck, and that's been the tone of more than a few conversations I've joined over recent years, think again. Nothing could be further from the truth. First off, the company presently maintains an 80% market share in the North American medium-duty market, more than 90% of the school and transit bus markets, and still a decent lead on the class-8 side of things with something like a 40% share through June of this year. Dead in the water? Not exactly. Globally, the company is very strong. In 2015 it manufactured more than a million engines in the heavy-duty, mid-range, and light-duty markets -- from 50 to 650 hp -- and nearly half of them were from its joint-venture partner plants around the world.
Navistar, Ford agree to new negotiations in engine dispute
CHICAGO -- Feuding business partners Navistar International and Ford Corp. have entered into a consent injunction in which Navistar will continue shipping 6.4L Power Stroke diesel engines to Ford, and the carmaker will pay, without deductions, for each engine.