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CUMMINS INC. EXCLUSIVE DIESEL ENGINE SUPPLY AGREEMENT EXTENDED BY DAIMLERCHRYSLER
For Immediate Release
Columbus, IN - 27 Oct 2003
Cummins Inc. (NYSE:*** - News) today announced that it has extended its exclusive supply agreement with DaimlerChrysler Corporation's Chrysler Group for diesel engines used in the Dodge Ram heavy-duty pickup truck. Although specific terms of the agreement were not disclosed, the engine system agreement includes consideration of Cummins as a supplier for the diesel engine aftertreatment system. The agreement additionally paves the way for collaboration on diesel engine technology beyond the length of the contract.
Cummins supplies the 5.9 liter turbodiesel for use in the Dodge Ram 2500 and 3500 Series pickup trucks. The diesel engine exhaust system components under consideration would be provided by Fleetguard, a wholly-owned Cummins business unit. Earlier this year, Cummins shipped its one millionth diesel engine for the Dodge Ram, which was named the Motor Trend Magazine's 2003 Truck of the Year.
"We continue to invest in the right technologies to ensure that our capabilities to integrate diesel engines and systems for the Dodge Ram are second to none," said Joe Loughrey, Cummins President - Engine Business. "This agreement builds on our 15-year relationship with the Chrysler Group and recognizes the value of our partnership."
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves its customers through more than 500 company-owned and independent distributor locations in 131 countries and territories. With 23,700 employees worldwide, Cummins reported sales of $5.9 billion in 2002. Press releases can be found by accessing the Cummins home page at http://www.cummins.com.
CUMMINS INC. EXCLUSIVE DIESEL ENGINE SUPPLY AGREEMENT EXTENDED BY DAIMLERCHRYSLER
For Immediate Release
Columbus, IN - 27 Oct 2003
Cummins Inc. (NYSE:*** - News) today announced that it has extended its exclusive supply agreement with DaimlerChrysler Corporation's Chrysler Group for diesel engines used in the Dodge Ram heavy-duty pickup truck. Although specific terms of the agreement were not disclosed, the engine system agreement includes consideration of Cummins as a supplier for the diesel engine aftertreatment system. The agreement additionally paves the way for collaboration on diesel engine technology beyond the length of the contract.
Cummins supplies the 5.9 liter turbodiesel for use in the Dodge Ram 2500 and 3500 Series pickup trucks. The diesel engine exhaust system components under consideration would be provided by Fleetguard, a wholly-owned Cummins business unit. Earlier this year, Cummins shipped its one millionth diesel engine for the Dodge Ram, which was named the Motor Trend Magazine's 2003 Truck of the Year.
"We continue to invest in the right technologies to ensure that our capabilities to integrate diesel engines and systems for the Dodge Ram are second to none," said Joe Loughrey, Cummins President - Engine Business. "This agreement builds on our 15-year relationship with the Chrysler Group and recognizes the value of our partnership."
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves its customers through more than 500 company-owned and independent distributor locations in 131 countries and territories. With 23,700 employees worldwide, Cummins reported sales of $5.9 billion in 2002. Press releases can be found by accessing the Cummins home page at http://www.cummins.com.
