Columbus-based Cummins Inc. (NYSE: CMI) is continuing a push toward more electric and hybrid-powered technology. The manufacturer has announced an agreement with KAMAZ PTC, a Russian industrial and commercial vehicle company, on bus and truck production. Thursday's announcement comes on the heels of Cummins showcasing an array of its electric and hybrid vehicle tech at high profile industry events in Germany.
Cummins and KAMAZ have partnered on engine technology through a joint venture for more than a decade. The companies' existing, 50/50 joint venture, Cummins KAMA, has involved production of Cummins ISB series engines since 2006 and ISL series engines since 2017.
Cummins Chief Executive Officer Tom Linebarger says "KAMAZ brings a proven electrified portfolio, which will broaden the range, and increase the reliability, of our electrified power systems as Cummins continues to bring the right solutions to our customers at the right time." The new memorandum of understanding will help Cummins tap into KAMAZ's ongoing development of a portfolio of battery-powered vehicles and will result in Cummins developing and supplying prototype powertrains to KAMAZ for city bus, medium-range delivery truck and heavy-duty truck applications.
By Kate Arndt Financial Planning Coordinator, Bedel Financial Consulting Inc.
The 2018 tax filing deadline came and went. Whew! But for some Americans, the tax headache has just begun. This year was the first filing under the Tax Cuts and Jobs Act and while some taxpayers saw larger refunds others received a rude awakening. If you’re reeling from a large tax burden, this article is for you. The Root of the Problem Remember how excited you were when you received your first paycheck—followed by dismay when you saw how much was taken out for taxes.
Iowa-based Grain Processing Corp. has broken ground on an expansion project in Daviess County, which has been more than four years in the making. The company is investing $70 million to expand its Washington plant, which could create up to 20 jobs when complete.
By Bill Ellsworth, Partner, Nick Merker, Partner, Miranda Morgan, Partner, Stephen Reynolds, Partner, Andrew Vento, Partner and Rachel Spiker, Associate Ice Miller LLP
Data breaches are constantly in the news and most companies know they should be concerned about privacy and the security of their data, or at least recognize this is an important and complex area.
However, most family offices are not sure how to start addressing their concerns, or worse, don’t view the family office as a target. The majority (58%) of malware attack victims were categorized as small businesses in 2018.[i]
Bosma Enterprises has added Jay Geshay as its new Chief Strategy Officer. Geshay will be an active participant in making strategic decisions for Bosma Enterprises and the Bosma Visionary Opportunities Foundation, and will be responsible for developing and executing strategic initiatives for our company. He previously was director of Impact Indiana and was also a Senior Vice President at United Way of Central Indiana.
The developers of a $34 million redevelopment project in downtown Fort Wayne have announced a new partnership. Cincinnati-based The Model Group says it is working with Cunningham Restaurant Group to bring a "new and unique" restaurant experience to The Landing.
Governor Eric Holcomb has appointed Fair Oaks Farms co-founder Sue McCloskey to the Indiana Economic Development Corporation Board of Directors. "To continue taking Indiana's economy to the next level, we need the experience and perspective of key industry experts like Sue McCloskey. She knows firsthand the challenges and opportunities faced by Hoosier entrepreneurs and agriculture businesses,” said Gov. Holcomb.