Cummins has announced the end of its joint venture with the Fiat Group's Case New Holland, one of the world's largest agricultural machinery manufacturing companies, and Iveco's "European Engine Alliance". Under the agreement, Cummins sold its one-third stake in the "European Engine Alliance" to the Fiat Powertrain Division, and also repurchased Case New Holland in the "Joint Diesel Engine Company" (Cummings vs. Case New Holland And other joint ventures) 50% equity.
The "European Engine Alliance" (EEA) was established in 1996. It was jointly invested by Cummins, Iveco, and New Holland (which was renamed Case New Holland in 1999 after merger with Case Corporation) for more than 300 million U.S. dollars to Cummins 4B and 6B series. The diesel engine is a basic platform for the development of new-generation four-, five-, and six-liter medium-horsepower diesel engines, mainly for commercial vehicles and construction machinery.
"United Diesel Engine Company" is located in North Carolina, United States. It was founded in 1980 by a joint venture between Cummins and Case Corporation (which was merged with Newark in 1999 and was renamed Case New Holland). Over the past 20 years, it has produced more than 2.7 million units of C-Mali. Diesel engines will become Cummins’s sole proprietorship in the future.
View related topics: Cummins - world-class engine manufacturer
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