Jacobs Vehicle Systems

Cummins promotes five new leaders to vice president

Retrieved on: 
Thursday, February 22, 2024
Automotive, Other Manufacturing, Engineering, Automotive Manufacturing, Manufacturing, General Automotive, Other Construction & Property, Public Transport, HVAC, Other Transport, Other Energy, Trucking, Utilities, Machinery, Other Automotive, Alternative Energy, Transport, Energy, Performance & Special Interest, EV, Electric Vehicles, Alternative Vehicles, Fuels, Roman, Culture, Growth, History, Leadership development, Safety, Strategic management, Jacobs Vehicle Systems, Plant, Supply, Supply chain management, EBU, Component, Economics, Controller, Inc., CMA, Partnership, Certified Management Accountant, Ram, Quality, CMI, Supply chain, IBM Power Systems, Knowledge, Catholic higher education, Environment, Acquisition, Meritor, Purdue University, CSP, HR, Environment, health and safety, Training and development, Management

Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January.

Key Points: 
  • Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January.
  • Ricardo Roman – Vice President, Components Finance
    Roman stepped into the role of Controller for the Components Business Unit in 2022 during a critical period of evolution for the business.
  • Michelle Probst – Vice President, Leadership and Talent Development
    Probst recently expanded her role from Leadership Development to now leading Cummins Talent Development programs and processes globally.
  • Ram oversees the performance of the company’s five business units, including Engine, Power Generation, Distribution, Components and Accelera by Cummins.

Cummins Components President Mahesh Narang to depart the company

Retrieved on: 
Tuesday, October 17, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Jacobs Vehicle Systems, NYSE, Acquisition, Component business model, Cummins, Meritor, CMI, Nārang, Management, Retail

Today, Cummins Inc. (NYSE: CMI) announced that Mahesh Narang, Cummins Vice President and President of the Components Business, is departing Cummins on Oct. 27 to pursue an external opportunity.

Key Points: 
  • Today, Cummins Inc. (NYSE: CMI) announced that Mahesh Narang, Cummins Vice President and President of the Components Business, is departing Cummins on Oct. 27 to pursue an external opportunity.
  • Mahesh served in a variety of business leadership roles during his more-than 20-year career at Cummins.
  • “Mahesh’s impact on Cummins and our people are lasting,” said Jennifer Rumsey, Cummins Inc.
  • He also previously served as Vice President and General Manager of Cummins Turbo Technologies, another business unit within the Components Segment, as well as Chief Operating Officer of Cummins’ India Area Business Organization.

Navistar Reveals International® SuperTruck II Results with Improved Fuel and Freight Efficiency, Goals for Hybridization

Retrieved on: 
Tuesday, June 20, 2023
Weight, Navistar, U.S. Department of Energy, Office of Inspector General, Partnership, International, Global Innovation through Science and Technology initiative, U.S. Department of Defense Strategy for Operating in Cyberspace, Opperman, Jacobs Vehicle Systems, DOE, Parity, The Warren Centre for Advanced Engineering, Friction, DEF, MPG, Trophy truck, Argonne National Laboratory, Principal, TCO, OEM, Traton, SCR, Safety, Trophy, Rail transport, Transport

LISLE, Ill., June 20, 2023 /PRNewswire/ -- Navistar today revealed the results of the International® SuperTruck II, a project in partnership with the U.S. Department of Energy (DOE).

Key Points: 
  • LISLE, Ill., June 20, 2023 /PRNewswire/ -- Navistar today revealed the results of the International® SuperTruck II, a project in partnership with the U.S. Department of Energy (DOE).
  • International SuperTruck II demonstrates 16 miles per gallon (MPG) fuel efficiency through hybridization and a 170% improvement in freight efficiency, among other advancements over the 2009 baseline vehicle, its International SuperTruck I .
  • "Navistar is the only OEM to build a trailer to provide the most accurate testing results possible," said Dean Oppermann, chief engineer, Advanced Truck.
  • The SuperTruck II program moves Navistar toward its vision to accelerate the impact of sustainable mobility.

Cummins Reports Strong Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Monday, February 6, 2023
Engineering, Other Energy, Oil, Gas, Manufacturing, Energy, Other Manufacturing, EPS, L series, Jacobs Vehicle Systems, CMI, Natural gas, Executive, Progress, Light, NYSE, Acquisition, Carbon, JVS, EBITDA, Diversity, Linde, Female, Mining, Generally Accepted Accounting Principles (United States), Filtration, Growth, Inc., AAA, AA, Hydrogen, Depreciation, Duke Energy Florida, Tax, Video game, Bookkeeping, Renewable energy, Bank, Arms industry, Meritor, MSCI, New Power

Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2022 results.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2022 results.
  • Net income attributable to Cummins in the fourth quarter was $631 million, or $4.43 per diluted share.
  • Fourth quarter results also include $0.11 per diluted share of costs related to the separation of the Filtration business.
  • “We delivered strong profitability in the fourth quarter and achieved record full year revenues, EBITDA and EPS last year.

Engine Encapsulation Global Market Report 2022 - by Product Type, Material, Fuel Type, Vehicle Class, Sales Channel and Region

Retrieved on: 
Saturday, January 21, 2023
Benchmark, International Organization (journal), Evonik Industries, UFP Technologies, Glass, Coronavirus, BASF SE, Temperature, Saint-Gobain, Jacobs Vehicle Systems, SE, Transport, EV, Continental AG, Growth, Vibration, OEM, Gasoline, ElringKlinger, BASF, Organization, Acquisition, Filtration, Create, Furukawa Electric, Noise, Carbon, Friction, Continental, JVS, Video game, Marketing, Rail transport, Autoneum

DUBLIN, Jan. 21, 2023 /PRNewswire/ -- The "Engine Encapsulation Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 21, 2023 /PRNewswire/ -- The "Engine Encapsulation Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • This report provides strategists, marketers and senior management with the critical information they need to assess the global engine encapsulation market.
  • Body-mounted engine encapsulation refers to engine encapsulation on parts attached to the body covering all sides of the engine.
  • When compared to non-automotive engine encapsulation vehicles, automotive engine encapsulation saves fuel and minimizes engine noise and heat transfer.

$6.6+ Billion Worldwide Engine Encapsulation Industry to 2031 - Increasing Demand for Commercial Vehicles Drives Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, January 16, 2023
Technology, Other Automotive, Data Management, Automotive, Benchmark, Transport, EV, Create, Temperature, Glass, BASF, Carbon, OEM, Organization, International Organization (journal), Jacobs Vehicle Systems, Growth, JVS, Coronavirus, Friction, Filtration, Gasoline, Acquisition, Noise, Vibration, Marketing, Asphalt, Rail transport

Body-mounted engine encapsulation refers to engine encapsulation on parts attached to the body covering all sides of the engine.

Key Points: 
  • Body-mounted engine encapsulation refers to engine encapsulation on parts attached to the body covering all sides of the engine.
  • The increasing demand for commercial vehicles is driving the growth of the engine encapsulation market.
  • When compared to non-automotive engine encapsulation vehicles, automotive engine encapsulation saves fuel and minimizes engine noise and heat transfer.
  • Hence, the increasing demand for commercial vehicles is expected to drive the engine encapsulation market in the forecast period.

Altra Announces New $300 Million Share Repurchase Program

Retrieved on: 
Tuesday, April 26, 2022
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Shares acquired through the repurchase program will be held as treasury shares and may be used for general corporate purposes.

Key Points: 
  • Shares acquired through the repurchase program will be held as treasury shares and may be used for general corporate purposes.
  • The Company retains the right to limit, terminate or extend the share repurchase program at any time without prior notice.
  • There can be no assurance that shares will be repurchased in the future, as the share repurchase program may be limited or terminated at any time without notice and because actual share repurchases will be subject to a variety of factors, including without limitation market conditions and share price.
  • These statements include, among other matters, those relating to the Company's expectations around the Company's share repurchase program, the method and manner in which the Company may implement its share repurchase program, its confidence in the continued growth of its business, its plan to invest in both organic growth and acquisitions, and its plan to return cash to shareholders through its dividend policy and this new share repurchase program.

Cummins Completes Acquisition of Jacobs Vehicle Systems

Retrieved on: 
Thursday, April 14, 2022
Aftermarket, Automotive, Other Automotive, Automotive Manufacturing, Manufacturing, Alternative Vehicles, Fuels, Other Manufacturing, Inc., Adoption, Carbon, USMCA, Filtration, Investor relations, Climate change, COVID-19, Cummins, Annual report, Transport, Compliance, Private Securities Litigation Reform Act, EBITDA, Education, Risk, Climate, Bankruptcy, Growth, Failure, Environment, Solution, JVS, SEC, Jacobs Vehicle Systems, NYSE, Component, Income, CMI, Acquisition, Renewable energy

Cummins Inc. (NYSE: CMI) today announced that it has closed on its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today announced that it has closed on its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp.
    Jacobs Vehicle Systems is a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies.
  • The acquisition of JVS also secures critical USMCA qualified engine components for current and aftermarket products and expands on Cummins offerings to customers globally.
  • Operations from Jacobs Vehicle Systems will report into Cummins Turbo Technologies, a business unit led by Shon Wright, Vice President of Cummins Turbo Technologies, that resides within the companys Components segment.
  • The companys products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products.

Altra Completes Divestiture of Jacobs Vehicle Systems Business

Retrieved on: 
Thursday, April 14, 2022
Altra, U.S. Securities and Exchange Commission, Securities and Exchange Commission (Philippines), TB, Private Securities Litigation Reform Act, Cummins, Automation, GLOBE, Sale, Form 10-K, Thomson, JVS, SEC, Jacobs Vehicle Systems, Bank, Altra Industrial Motion

BRAINTREE, Mass., April 14, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (Altra or the Company), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has completed the previously announced divestiture of its Jacobs Vehicle Systems (JVS) business to Cummins Inc. for $325 million in cash.

Key Points: 
  • BRAINTREE, Mass., April 14, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (Altra or the Company), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has completed the previously announced divestiture of its Jacobs Vehicle Systems (JVS) business to Cummins Inc. for $325 million in cash.
  • Altra expects to use the proceeds, less transaction fees, to pay down debt and for general corporate purposes.
  • About Altra Industrial Motion Corp.
    Altra Industrial Motion Corp. is a premier industrial global manufacturer and supplier of highly engineered motion control, automation and power transmission systems and components.
  • Headquartered in Braintree, Massachusetts, Altra has over 9,600 employees and 49 production facilities in 16 countries around the world.

Cummins Shares Plans to Deliver Long-Term Growth and Increased Profitability

Retrieved on: 
Wednesday, February 23, 2022
Other Manufacturing, Environment, Other Energy, Utilities, Automotive Manufacturing, Oil, Gas, Manufacturing, Alternative Energy, Energy, Carbon, Climate change, Income, Compliance, Natural gas, Risk, Cummins, Growth, Meritor, Failure, Original equipment manufacturer, Investment, Education, Annual report, COVID-19, Industry, Company, Bankruptcy, Investor relations, Jacobs Vehicle Systems, Private Securities Litigation Reform Act, NYSE, Environment, Transport, Adoption, CMI, News, Leadership, Life, Climate, Technology, Filtration, Solution, CEO, EBITDA, SEC, Renewable energy, New Power

Fortunately, decarbonization is also a growth opportunity for Cummins.

Key Points: 
  • Fortunately, decarbonization is also a growth opportunity for Cummins.
  • Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions.
  • See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on .
  • These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA.