Eaton Cummins Automated Transmission Technologies
Power management company Eaton (ETN) and global power leader Cummins Inc. (CMI) today announced an agreement to form a joint venture for automated transmissions for heavy-duty and medium-duty commercial vehicles. The joint venture will be named Eaton Cummins Automated Transmission Technologies.
According to the companies, the joint venture will be named Eaton Cummins Automated Transmission Technologies. Both Cummins and Eatonย will own 50% of the new joint venture.
โCustomers are focused on powertrain solutions that provide the best combination of technology, performance and quality,โ said Craig Arnold, Eaton chairman and chief executive officer. โOur joint venture with Cummins will leverage the technical strengths and experience of two industry leaders with long histories and deep industry expertise to provide superior automated transmission technology for our global customers.โ
โOur growth strategy includes expanding our product offerings and extending our global footprint by becoming the worldโs leading powertrain supplier,โ added Tom Linebarger, chairman and CEO, Cummins Inc. โOur JV with Eaton will deliver the most advanced automated transmissions and develop an integrated powertrain and service network that supports our customers like never before. Just as weโve done for the past 100 years, we will use our experience in partnerships and technological expertise to ensure our customersโ success.โ
The joint venture will design, assemble, sell and support all future medium-duty and heavy-duty automated transmissions for the commercial vehicle market.
