For those of you that are interested in the global economy and how Cummins is doing beyond our shores, here is a new story.
http://yahoo.reuters.com/stocks/Quo...-03-07_15-02-42_N07364446&symbol=CMI.N&rpc=44
Cummins in China's truck engine venture
Tue Mar 7, 2006 10:02 AM ET
NEW YORK, March 7 (Reuters) - Diesel engine maker Cummins Inc. (CMI. N: Quote, Profile, Research) on Tuesday said it will form a joint venture in China to produce light-duty truck engines there.
Light-duty is a segment of China's engine market in which Cummins does not currently compete.
FACT BOX
CMI. N (Cummins Inc)
Last: $105. 10
Change: -0. 70
Up/Down: -0. 66%
News for CMI. N
Cummins in China's truck engine venture
China's Foton in $240 mln engine JV with Cummins
MergerTalk: US truck engine makers near end of road?
Cummins, the leading foreign producer of heavy-duty truck engines, said it signed a feasibility study plan with Beijing-based Beiqi Foton Motor, the final step toward the formation of the 50/50 joint venture.
It said the joint venture is expected to begin operations this year, with production starting as early as 2008. The engines will be suitable for pick-up trucks, sport utility vehicles and small construction equipment, among other uses, Cummins said.
Cummins shares were trading down 11 cents at $105. 69 on the New York Stock Exchange.
http://yahoo.reuters.com/stocks/Quo...-03-07_15-02-42_N07364446&symbol=CMI.N&rpc=44
Cummins in China's truck engine venture
Tue Mar 7, 2006 10:02 AM ET
NEW YORK, March 7 (Reuters) - Diesel engine maker Cummins Inc. (CMI. N: Quote, Profile, Research) on Tuesday said it will form a joint venture in China to produce light-duty truck engines there.
Light-duty is a segment of China's engine market in which Cummins does not currently compete.
FACT BOX
CMI. N (Cummins Inc)
Last: $105. 10
Change: -0. 70
Up/Down: -0. 66%
News for CMI. N
Cummins in China's truck engine venture
China's Foton in $240 mln engine JV with Cummins
MergerTalk: US truck engine makers near end of road?
Cummins, the leading foreign producer of heavy-duty truck engines, said it signed a feasibility study plan with Beijing-based Beiqi Foton Motor, the final step toward the formation of the 50/50 joint venture.
It said the joint venture is expected to begin operations this year, with production starting as early as 2008. The engines will be suitable for pick-up trucks, sport utility vehicles and small construction equipment, among other uses, Cummins said.
Cummins shares were trading down 11 cents at $105. 69 on the New York Stock Exchange.
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