Columbus-based Cummins Inc. (NYSE: CMI) has signed a Letter of Intent with Isuzu Motors Ltd. In an effort to evaluate potential collaborative efforts. Each company will establish a team to explore possible opportunities in product technology development, service and other areas of collaboration.
Cummins says the potential exists for a longer-term partnership relation to the next generation of diesel and natural gas-based powertrains, as well as electrification technologies. A long-term partnership, Cummins says, would enable both companies to grow globally.
"Isuzu is a leading global company with a reputation for excellence in trucks, powertrains and customer service," said Tom Linebarger, chief executive officer of Cummins. "Our companies share a commitment to technology leadership, quality and dependability for our customers, and global reach. We also share common values in the way we do business and how we treat our people, our customers, and our partners. Cummins is honored to be working with Isuzu and to explore how to leverage our respective strengths to create new opportunities for both companies."
Cummins says collaboration and strategic partnerships will be essential to share increased investment costs and in in the commercial vehicle space.