Cummins Inc. has formed a joint venture with a global power management company in its effort to become the top powertrain supplier worldwide.
Cummins and Eaton have created a 50-50 joint venture, called Eaton Cummins Automated Transmission Technologies. It will design, assemble, sell and support automated transmissions for heavy-duty and medium-duty commercial vehicles, according to a news release.
“Our growth strategy includes expanding our product offerings and extending our global footprint by becoming the world’s leading powertrain supplier,” Tom Linebarger, Cummins chairman and CEO, said in a news release.
“Our JV (joint venture) with Eaton will deliver the most advanced automated transmissions and develop an integrated powertrain and service network that supports our customers like never before,” Linebarger added.
Eaton, which has its headquarters in Dublin, Ireland, recorded sales of $19.7 billion in 2016. The company makes electrical, hydraulic and mechanical power products, including automated truck transmissions.
For more on this story, see Tuesday’s Republic.