An executive with Columbus-based Cummins Inc. (NYSE: CMI) says a partnership with Nissan Motor Co. (NYSE: NSANY) has been in the works for five years. Pickup Truck Business General Manager Jeff Caldwell says a major deal with a global automaker “speaks loudly” to other potential partners and will likely lead to more growth. Cummins says the agreement to provide the diesel engine for Nissan's next generation Titan pickup will create approximately 500 jobs over the next several years. August 20, 2013
COLUMBUS, IND. – Cummins Inc. (NYSE:CMI) announced ¬today that its historic Columbus Engine Plant (CEP) is being readied to build the Cummins 5.0L V8 Turbo Diesel for Nissan's next generation Titan pickup truck.
“This is an exciting announcement for our Cummins team,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “We are bringing our innovation and latest technology in engines and aftertreatment products to a new segment of customers. Importantly, this will help us grow our own business as well as allow us to help an important new partner, Nissan, succeed in the market.”
At a showcase of its product and technology portfolio in California, Nissan (NYSE: NSANY) announced today it will offer the Cummins 5.0L V8 Turbo Diesel in the next generation Titan. Nissan is not announcing launch dates, but engineering prototype trucks powered by the Cummins engine are currently undergoing extensive on-highway testing.
The automaker is counting on the Cummins diesel to provide light truck customers with a combination of towing capacity and fuel economy that will give the Titan a key advantage in the highly competitive U.S. pickup truck market.
“The partnership with Nissan on the V8 program benefits not only Cummins employees, but also our community,” said Jeff Caldwell, General Manager of Cummins' pickup truck business, who started his 31-year career with Cummins at CEP. “The innovative and lightweight design of the 5.0L V8 Turbo Diesel is a perfect fit for the customer who wants V8 performance with diesel efficiency. It broadens Cummins’ range of products and provides a new clean diesel option for our customers.”
Fred Diaz, Divisional Vice President, Nissan Sales & Marketing, Service & Parts, Nissan U.S.A., said Nissan is also excited about the partnership.
“There is no question that the new Titan will turn heads, and with the available Cummins 5.0L V8 Turbo Diesel we expect to win new fans and attract buyers looking for this unique configuration,” he said.
Caldwell said today’s announcement is a testament to the Company's determination and commitment to innovation. Cummins first announced it was building a light duty diesel engine at CEP in 2006 but a global economic downturn delayed the project.
Caldwell said the V8 team continued making refinements to the engine during the downturn, then began to incorporate specific customer needs once an agreement was reached with Nissan.
The engine meets the latest emissions regulations, drawing on the best of innovation at Cummins, including turbo technology, filters from the Company’s filtration business, Selective Catalytic Reduction technology from Cummins Emission Solutions and more.
In addition to its partnership with Nissan, Cummins is developing a version of the V8 Turbo Diesel for commercial vehicle customers.
The V8 program is planning to add to its 300 person workforce over the next several years and at maturity expects to employ approximately 800 workers. Exact details on hiring are not yet available but people interested in applying for externally posted positions should do so by visiting careers.cummins.com.
The Columbus Engine Plant dates back to the 1920s. It was originally built around a two-story Civil War era house purchased by Cummins co-founders Clessie Cummins and W.G. Irwin.
To read more about the Cummins 5.0L V8 Turbo Diesel, visit cumminsengines.com. Photos are available at http://social.cummins.com/.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 46,000 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned $1.65 billion on sales of $17.3 billion in 2012. Press releases can be found on the Web at www.cummins.com or cumminsengines.com. Follow Cummins on Twitter at http://twitter.com/cumminsengines and on YouTube at http://youtube.com/cumminsengines.
Source: Cummins Inc.