Read Email from Cummins from 2001
From: -- email address removed --
Sent: Tuesday, July 24, 2001 9:38 AM
To: Bolinger, Robert W
Subject: Re: Cummins ownership
Robert --
Thank you for your question.
Cummins is an independent manufacturer, and Ford has no ownership stake in the company. In the past, Ford did indeed own a small portion of Cummins' commons stock, but since the late 1990s that is no longer the case. Cummins is a Ford supplier -- Ford purchases medium-duty engines from us.
Last year, Cummins shipped a record number of diesel engines to DaimlerChrysler for use in the Dodge Ram pickup. We have a long-term supply agreement with DaimlerChrysler, which makes Cummins the exclusive diesel engine supplier for the Dodge Ram through 2007.
Thank you again for your interest,
Jennifer Decker
Investor Relations Director
To: "'investor_relations@cummins.com'" <investor_relations@Cummins.com>
Subject: Cummins ownership
Hello,
I have heard from several people that Cummins is now owned by Ford Motor Company, and Dodge is waiting to hear if Ford will allow Cummins engines to be installed in Dodge pickups. _ I have searched the Cummins and Ford websites and have found no information to back this up, and figured it just another "urban legend", however the people who keep telling me this don't believe me- so I figured I could get this information from you in writing. _ Is Cummins Inc. (CUM)_owned either in whole or in part by the Ford Motor Company (F)?
Robert Bolinger
end of email
and for those who say that was 2001, and Ford does own Cummins now... click here