Cummins, CNH Global Divide Engine Co-Ops
(COLUMBUS) - There’s a little reorganizing going on at Cummins.
Cummins has announced the changing of a couple agreements with a pair of diesel manufacturing firms co-owned by CNH Global, otherwise known as ag-manufacturer Case-New Holland.
Cummins said it is buying out CNH's stake in Whitaker, North Carolina based Consolidated Diesel Company, and selling off it's one-third share in the European Engine Alliance.
Cummins entered the deal on Consolidated Diesel with a then-independent J.I. Case Company back in 1980, and with the European Engine Alliance along with New Holland and Iveco, which are both owned by Italy's FIAT group, back in 1996.
Consolidated will now become a wholly owned part of Cummins, and the EEA will be wholly owned by FIAT Powertrain Technologies, partnering with the now-joined Case-New Holland.
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