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The Latest Breaking News from Cummins Inc

3 Industrial Stocks That Will Benefit From Reshoring Trends

The industrial sector is set for growth due to reshoring, technological advancements, and increasing demand for sustainable and infrastructure-related projects. Hence, investors might consider investing in Southern Copper (SCCO), Illinois Tool Works (ITW), and Cummins (CMI), which are set to benefit from reshoring trends. Read more….

StockNews.com

3 High-Quality Industrial Stocks to Buy and Hold

The industrial sector’s long-term growth is fueled by a modernization, automation surge, and the adoption of cutting-edge technologies. Hence, high-quality industrial stocks Illinois Tool Works (ITW), Cummins (CMI), and 3M Company (MMM) could be ideal to buy and hold for now. Keep reading.

StockNews.com

600,000 Ram trucks to be recalled under settlement in emissions cheating scandal

The Department of Justice released details of a settlement with engine manufacturer Cummins Inc. that includes the mandatory recall. Cummins' total penalty for the violations tops $2 billion.

WEKU

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Engine maker Cummins to repair, replace 600,000 Ram trucks in $2 billion emissions cheating scandal

The Department of Justice released new details of a settlement with engine manufacturer Cummins Inc. Wednesday that include a mandatory recall of 600,000 Ram trucks, and remedying the environmental damage it caused when it illegally installed emissions control software

The Independent UK

Cummins To Pay $1.67 Bn To Settle Engine Emission Control Claims

US engine maker Cummins Inc has agreed to pay $1.67 billion to settle claims it installed devices to defeat emissions controls in hundreds of thousands of pickup truck engines, the Justice Department said Friday.

International Business Times

Cummins Settles Alleged Emissions Test Bypass with Cummins Settles Alleged Emissions Test Bypass with Top News.67B Penalty.67B Penalty

Engine manufacturer, Cummins Inc., faces a record-breaking Cummins Settles Alleged Emissions Test Bypass with Top News.67B Penalty.67 billion penalty for allegedly cheating emissions tests with pickup truck engines.

Top News

3 Industrial Stock Buys to Add to Your Portfolio TODAY

As the industrial sector embraces sustainability and tech innovations, its long-term growth appears exceptionally strong. Hence, fundamentally strong industrial stocks Cummins Inc. (CMI), Owens Corning (OC), and Interface, Inc. (TILE) might be added to one’s portfolio now. Read more….

StockNews.com

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3 Passive Income Stocks That Could Help You Retire Early

The stock market has been rallying lately with the decline in inflation in July from the multi-decade high level and robust economic data. However, with inflation remaining elevated and the rising geopolitical issues, the market could witness volatility in the months ahead. Therefore, it could be wise to invest in…

StockNews.com

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

Benzinga

UBS Downgrades Cummins, Cuts Price Target by 18%

UBS downgraded Cummins Inc (NYSE:CMI) to Neutral from Buy and reduced the price target to $214 (an upside of 5%) from $260. Analyst Steven Fisher mentions that the North America truck cycle will peak in 2023, with North America trucker profitability expected to peak in 2022 and new emissions regulations in 2024 pushing a pre-buy.…

Benzinga

Cummins Agrees To Acquire Meritor For $3.7B

Cummins Inc (NYSE:CMI) has agreed to acquire electric powertrain solutions provider Meritor Inc (NYSE:MTOR) for about $3.7 billion, including assumed debt and net of acquired cash. The company will pay Meritor shareholders $36.50 in cash per share, representing a 48% premium to the Meritor's closing price of $24.67 on February 18, 2022. Meritor, headquartered…

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