Cummins Announces $500 Million Accelerated Share Repurchase

COLUMBUS, Ind. — Cummins, Inc. (NYSE:CMI) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. LLC. (GS&Co.) to repurchase $500 million of Cummins’ common stock. Today’s ASR is part of Cummins’ previously announced share repurchase plans authorized by the Board of Directors and is consistent with the company’s plans to return 75 percent of Operating Cash Flow to shareholders in 2018.

School Bus Engines Studied in Webinar

A School Transportation News webinar on school bus engines provided a broad review of Cummins, Inc. engines for the school bus market, covering all of the basic considerations for engine choice.

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Prestolite Motor’s Leading Starting Performance in Medium Duty Engines

NOVI, Mich. — Prestolite Electric is delivering industry-leading starting performance to the medium duty market with the PowerPro Extreme 5, an all-new 12V 4.5kW premium replacement starter from Leece-Neville Heavy Duty Systems. The latest addition to the PowerPro Extreme range offers high-torque, high-efficiency starting power for 6- to 10-liter engines used in construction, fire and rescue, pickup and delivery, refuse and school bus applications.

Recorded Webinar: Your Complete School Bus Engine Study Guide

During this free webinar, representatives from Cummins, Inc. will discuss everything you need to know about engines for the school bus market. Discover the various ways that school bus fleets can improve their operations. Topics will include: engine reliability, the importance of torque, improving efficiency and more.

In the Business of Preventing School Bus Fires

Student transporters discuss their needs and preferences for fire suppression systems to forestall safety threats. Suppliers of the systems also share the best things about their offerings, and inspectors give tips for post-fire procedures.

Cummins & JAC Motors Form Joint Venture

Cummins, Inc. (NYSE: CMI) and Anhui Jianghuai Automobile Co., Ltd. (JAC Motors) (SH: 600418) announced today that the two parties will form a 50:50 joint-venture after Cummins purchased Navistar’s 50 percent equity in the JAC-Navistar Diesel Engine Co. (JND).