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February 7, 2008 |
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CUMMINS INC: Extends ISX Deal with Volvo Trucks North America Cummins Inc. and Volvo Trucks North America have extended their agreement for the availability of the Cummins ISX engine in Volvo VN trucks. "We're pleased to build on our partnership with Volvo Trucks North America and offer the 2010 ISX Heavy-Duty engine in the VN truck lineup," said Jim Kelly, Cummins President – Engine Business. "Volvo and Cummins have a strong legacy of serving the needs of our mutual customers in the North American truck market," added Ed Pence, Cummins Vice President and General Manager – Heavy- Duty Engine Business, "and this agreement allows us to extend that legacy well into the future." "Cummins remains a valued Volvo partner," said Per Carlsson, President and Chief Executive Officer of Volvo Trucks North America, "and this agreement allows us to continue to meet the needs of Volvo customers who choose the ISX engine." Volvo Trucks North America is based in Greensboro, N.C., and is part of the Volvo Group of companies, headquartered in Gothenburg, Sweden. About Cummins Headquartered in Columbus, Indiana, Cummins Inc. (NYSE: CMI) -- http://www.cummins.com/ -- designs, manufactures, distributes and services engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins has Latin-American operations, particularly in Venezuela, Brazil, Peru, Colombia, and Argentina. Its operations in the Asia-Pacific are found in China, Japan and Korea. Its also has facilities in Europe, particularly in the United Kingdom. * * * Cummins' Junior Convertible Subordinated Debentures carry Fitch's 'BB' rating with a stable outlook. Moody's Investors Service raised Cummins' convertible preferred stock rating to Ba1 from Ba2 and withdrew the company's SGL-1 Speculative Grade Liquidity rating and its Ba1 Corporate Family Rating. |
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