Cummins, Chinese Automaker Joining Forces

Posted: Updated:
(Image courtesy of Cummins Inc.) (Image courtesy of Cummins Inc.)
COLUMBUS -

Columbus-based Cummins Inc. (NYSE: CMI) has formed a joint venture with a Chinese automaker. The collaboration with JAC Motors involves Cummins' acquisition of Navistar's half of the JAC-Navistar Diesel Engine Co. The joint venture will maintain its manufacturing operations in China. The deal still requires regulatory approvals.

Cummins Group Vice President of China and Russia Steve Chapman says "I am delighted that Cummins is expanding our long-term relationship with JAC Motors, one of the most respected automotive companies in China. Cummins and JAC share similar values and are both committed to bringing our customers the right power solutions at the right time to power their success. By strengthening our relationship, we can focus on becoming more competitive in our markets by developing and offering high-quality, clean and fuel-efficient products."

JAC Motors currently uses light-duty, mid-range and heavy-duty engines for its domestic customers in China and its global operations. JAC Motors General Manager Xiang Xingchu says "the joint venture partnership between JAC Motors and Cummins is a natural progression in our successful 20-year relationship and we are thrilled about the potential of the partnership. By integrating our equipment expertise with Cummins' world-class technological and powertrain capabilities, we are confident we have the right formula in place for tremendous success."

Cummins and JAC Motors are not releasing financial terms of the agreement. JAC Motors is officially known as Jianghuai Automobile Group Co. Ltd. Cummins says its "strong and long-term" relationship with Navistar will continue. The JAC/Navistar joint venture was launched five years ago. You can connect to more about the joint venture by clicking here.

  • Perspectives

    • Richardson is a senior manager with Centric Consulting.

      Marketing and Sales Alignment – Easier Than You Think

      There was a time, and perhaps you’re still living in it, where marketing is expected to drive sales leads, conversations, magically help close deals, and all sorts of expectations a marketing team can never meet. This period exists because there is a misalignment in those expectations of what marketing should do and what sales should do. I like to start with the basics. Is your company providing a product or service? Is it easy to sell? Is it cheap? Do your customers buy once?

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Wesemann Hall at the Valparaiso University Law School (photo courtesy Tony V. Martin/The Times of Northwest Indiana)

      Valpo School of Law Transfer Denied

      A proposal to transfer Valparaiso University's law school to another university has been shot down. The Tennessee Higher Education Commission has denied the transfer to Middle Tennessee State University, which would have led to the creation of a College of Law at the school. 

    • Mega-Merger Involves Fort Wayne Operation

      A defense industry contractor with a significant presence in Fort Wayne has announced a merger agreement. Florida-based Harris Corp. (NYSE: HRS) and L3 Technologies Inc. (NYSE: LLL) in New York say the combination will create the sixth-largest defense company in the country. In early-2015, Harris completed the $4.75 billion acquisition of Exelis, a long-time manufacturer of military radio technology in Fort Wayne. Shortly after the acquisition, Harris consolidated...

    • WOWO Names 'Morning News' Host

      The program and news director of WOWO radio in Fort Wayne has been named the new host of the station's morning show. Kayla Blakeslee will lead Fort Wayne's Morning News, succeeding Charly Butcher, who passed away in August. 

    • High Alpha Spawns Tenth Tech Startup

      The first company has launched from Indianapolis-based High Alpha since the venture studio received a $100 million infusion in July, and the tenth overall. Anvl develops software designed to reduce and prevent maintenance service industry injuries. The company is led by Hoosier tech scene veteran Robin Fleming, who previously served as vice president of technology for Angie's List before its acquisition by New York-based IAC (Nasdaq: IAC). Anvl was born out of a first-of-its-kind...

    • The Impact of Technology on Economic Development Policy

      In a world where technology is enabling almost everything, economic development policy makers are faced with several challenges when planning and implementing strategies for economic growth. Communities, regions and states must be able to adapt programs and initiatives to address the economic disruption caused by technology. In particular, investments in tech and talent are vital to ensuring economic growth and wealth creation for residents and businesses throughout the world.