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Cummins Announces Availability of X12™ With Autocar
Posted on Wednesday April 18, 2018
Cummins Inc. (CMI) is pleased to announce that starting in the fourth quarter of 2018, Autocar – an American manufacturer of severe-duty, cab-over-engine vocational trucks, will introduce the X12 in their ACX® model. “With its best-in-class power-to-weight ratio, Cummins believes that the X12 engine will be well suited to address the needs of the refuse market as well as other weight sensitive vocational applications,” said Brett Merritt, Vice President – Cummins On-Highway Engine Business. To meet customer needs, the Cummins X12 boasts a remarkably low engine weight of 2,050 pounds that doesn’t compromise on durability or performance.
GE Rises on Potential Deal for Jenbacher Unit
Posted on Tuesday April 17, 2018
Shares of General Electric (GE) and Cummins (CMI) are higher on Tuesday, following reports that the latter, along with CVC Capital Partners, may be among the potential suitors for GE's Jenbacher unit. Bloomberg reports that Cummins and CVC are considering a bid that values GE's Austrian as engine maker at more than $3 billion, according to anonymous sources close to the situation. However, they're not alone, as the report cites the private equity group EQT Partners and KKR & Co. (KKR) are also weighing a bid. GE is working with Citigroup and Credit Suisse on the sale, which is only in its early stages, Bloomberg reports.
GE's Jenbacher Is Attracting Interest From Cummins, CVC
Posted on Tuesday April 17, 2018
General Electric Co. is moving toward a deal to sell an industrial gas-engine business as Cummins Inc. and CVC Capital Partners weigh initial bids that could value the operation at more than $3 billion, ...
Barron's Picks And Pans: Cummins, US Bancorp, Comeback Energy Stocks And More
Posted on Sunday April 15, 2018
This weekend's Barron's cover story shows how trade tensions will test companies and investors. Other featured articles question whether earnings can save the bull market and present the results of the ...