CMI Cummins Inc

The incoming chief executive of Cummings Inc. (CMI), Tom Linebarger, said some nations in Europe may currently be in a recession, and fears the U.S. could be in one as well, The Financial Times reports on its website Sunday. He said it "wouldn't surprise me to find out that the U.S. is already in negative growth," adding "The U.S. is already weak. If Europe gets a bad cold, the U.S. will get much sicker," the FT said. But he also said he was optimistic over the long-term, the FT reported. "I don't think the next six to nine months are going to be terrific, but if you look out over four or five years, I think it's going to be good over that time," he told the FT.

Newspaper website: www.FT.com

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