Cummins raises outlook after strong quarterly results
The engine maker’s profit and revenue in the first quarter beat the expectations of analysts.
The engine maker’s profit and revenue in the first quarter beat the expectations of analysts.
Each company is expected to have equal ownership of the joint venture, which will focus on medium- and heavy-duty automated transmissions.
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
Changes in trade policy would reverberate across Indiana, given its status in a new Brookings Institution study as the most export-dependent state in the country.
The Indiana-based engine manufacturer saw sales sink during the fourth quarter and the entire year.
The Columbus-based engine maker says having an expanded presence in Indianapolis through its $30 million-plus global distribution headquarters should help the company recruit talent that prefers urban life.
Chrysler and its diesel technology partner Cummins Inc. are accused of fraud, false advertising and racketeering in the complaint, filed Monday in Detroit federal court on behalf of the owners of almost 500,000 Dodge Ram model trucks.
The Indiana-based engine maker said sales were hurt by a slowdown in North American truck production and by weak international demand for power-generation equipment.
The Columbus-based engine maker will be part of a federal program aiming to more than double the freight efficiency of 18-wheelers.
A big part of the greenhouse-gas reductions are expected to come from engine improvements, cutting fuel consumption by up to 5 percent, benefiting companies like Indiana-based Cummins Inc.
Cummins Inc. was able to top analyst expectations with its second-quarter performance despite a slowdown in sales and profit.
Volkswagen AG’s diesel emission scandal might be one of the best things to happen to American air quality. It also could mean new business for one of the state’s largest manufacturers.
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
Cummins Inc. on Tuesday reported lower first-quarter earnings and revenue, but the results topped the expectations of analysts.
Cummins Inc.'s stock climbed after CNBC’s Jim Cramer cited the maker of heavy-duty engines as a potential gainer from a rally in oil and commodities.
London-based film company Wavelength Pictures is producing a feature-length documentary about renowned architect Kevin Roche, who designed The Pyramids office complex in Indianapolis and numerous buildings in Columbus.
The Columbus-based engine maker said it would lay off about 500 people in Indiana. Shares fell nearly 10 percent Tuesday after third-quarter profit trailed analyst estimates and the company reduced its annual sales forecast due to weakening demand for its heavy-duty engines.
Engine maker Cummins Inc. has opened a new technical and office center in southern Indiana where engineers are to focus on improving fuel efficiency and engine endurance.
Almost as soon as governments began testing vehicle emissions, automakers and engine manufacturers found ways to cheat. Indiana-based Cummins Inc., for instance, was involved in a high-profile case in the late 1990s.
The building under construction on the former Market Square Arena site will be modern, with a calibrated glass facade and abundant green space.