Cummins and Navistar Announce New Long-Term Agreement
August 10 2020 - 7:30AM
Business Wire
Global power leader Cummins Inc. (NYSE: CMI) and Navistar
International Corp. (NYSE: NAV) announced another step forward in
their partnership by extending their long-term agreement through
the next two emission cycles, with Cummins being selected as
Navistar’s preferred supplier of medium-duty and heavy-duty big
bore engines for International Trucks and IC Buses in US and
Canada.
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“We’re excited to deepen what is an already strong partnership
with Navistar, spanning more than 80 years,” said Srikanth
Padmanabhan, President, Engine Business at Cummins Inc. “Navistar
is a critical partner to Cummins and we believe the International
LT® Series trucks paired with the Cummins X15TM Efficiency Series
and Eaton Cummins Endurant HD transmission provides the best fuel
economy, improved uptime and overall TCO for our mutual long haul
customers.”
With Cummins’ successful launch of the 2021 Greenhouse Gas
complaint X15 Efficiency Series engine this year, International
Truck customers receive the most reliable and highly fuel efficient
15-liter product available.
“The Cummins engine paired with Navistar International vehicles
showcase technology-driven innovation that delivers the performance
heavy-duty customers have come to expect to meet the demanding
transportation needs of today and tomorrow,” Padmanabhan said.
“Extending this relationship through a long-term partnership
ensures that both companies will be able to collaborate and meet
the challenges of the next emissions cycles and beyond.”
The Cummins B6.7 and L9 engines will continue to power the
International MV and HV Series trucks, as well as Navistar’s IC Bus
CE and RE Series school busses.
“This new long-term agreement with Cummins, in combination with
our proprietary powertrains, will offer International customers the
most competitive and fuel efficient engines in the market while
reducing our investment requirements to meet future emissions
regulations,” said Phil Christman, President, Operations, Navistar.
“The extension of our partnership allows both companies to optimize
future research and development investments in existing
technologies as well as the flexibility to invest in advanced
technologies.”
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service a broad portfolio of power solutions. The
company’s products range from diesel, natural gas, electric and
hybrid powertrains and powertrain-related components including
filtration, aftertreatment, turbochargers, fuel systems, controls
systems, air handling systems, automated transmissions, electric
power generation systems, batteries, electrified power systems,
hydrogen generation and fuel cell products. Headquartered in
Columbus, Indiana (U.S.), since its founding in 1919, Cummins
employs approximately 61,600 people committed to powering a more
prosperous world through three global corporate responsibility
priorities critical to healthy communities: education, environment
and equality of opportunity. Cummins serves its customers online,
through a network of company-owned and independent distributor
locations, and through thousands of dealer locations worldwide and
earned about $2.3 billion on sales of $23.6 billion in 2019. See
how Cummins is powering a world that’s always on by accessing news
releases and more information at
https://www.cummins.com/always-on.
About Navistar
Navistar International Corporation (NYSE: NAV) is a holding
company whose subsidiaries and affiliates produce International®
brand commercial trucks, proprietary diesel engines, and IC Bus®
brand school and commercial buses. An affiliate also provides truck
and diesel engine service parts. Another affiliate offers financing
services. Additional information is available at
www.Navistar.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200810005071/en/
Cummins Contact: Jon Mills
Director – External Communications (317) 658-4540
Jon.Mills@cummins.com
Navistar Contacts: External
Communications (331) 332-3056 Breana.Whalen@Navistar.com
Marty Ketelaar Investor Relations (331) 332-2706
Marty.Ketelaar@Navistar.com
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