Daimler, Cummins Plan to Partner for Medium-Duty Engine Systems
February 23 2021 - 8:53AM
Dow Jones News
By Dave Sebastian
Daimler Truck AG and Cummins Inc. said they have signed a
memorandum of understanding establishing a partnership for
medium-duty engine systems, and that they are also evaluating other
collaboration possibilities.
As part of the planned partnership, engine manufacturer Cummins
will invest in the further development of medium-duty engine
systems for Daimler Trucks and Buses and delivery of such engines
starting the second half of the decade, the companies said
Tuesday.
Cummins will start an engine plant in the Mercedes-Benz Mannheim
campus to make medium-duty engines that are compliant with
emissions standards, the companies said. Cummins will also use its
production and supply-chain networks in other regions for use in
other Daimler Trucks' brands, including those of Daimler Trucks
North America, the companies said.
Daimler said it expects the partnership to enable it to increase
development of alternative and emerging technologies, including
non-diesel engines, as it plans to focus on the further progression
of zero-emission drive technologies and commercial heavy-duty
drivetrains.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
February 23, 2021 08:38 ET (13:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Cummins (NYSE:CMI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cummins (NYSE:CMI)
Historical Stock Chart
From Sep 2023 to Sep 2024