Cummins Inc. and Japan’s Isuzu Motors Limited took another step forward in their growing cooperation by announcing a new partnership agreement. The Isuzu Cummins Powertrain Partnership formalizes a business structure for the two companies to evaluate and carry out opportunities to jointly develop and bring new diesel and diesel-based powertrains to global markets. No financial or structural information was included in the companies’ joint announcement.
This latest agreement builds on the letter of intent signed last October through which the companies agreed to “jointly evaluate opportunities to deliver globally competitive products.” Through the new Powertrain Partnership, Isuzu and Cummins said they will share a commitment to leverage both companies’ technical strengths to develop market-leading architectures for customers around the world.
“As Cummins celebrates 100 years of innovation, we continue to look for opportunities to build global relationships with companies that share our values and our focus on innovation,” said Tom Linebarger, chairman and CEO – Cummins Inc. “This partnership is a terrific opportunity for both companies to leverage our respective strengths and create new opportunities to grow and broaden the product portfolio we bring to customers.”
The companies have committed to form an alliance board and to assign a team of dedicated individuals from each company to continue exploration of potential opportunities in product technology development, procurement and manufacturing.
“Isuzu and Cummins recognize the advanced diesel engine is, and will continue to be, an important power choice for global customers in commercial vehicle and industrial applications,” said Masanori Katayama, president and representative director –Isuzu Motors Limited. “This is especially true in developed countries where power sources are used for high-intensity operations, as well as in emerging countries where social infrastructure conditions are severe.”
Cummins said both companies have been leaders in technological innovation in complementary regions of the world. Together the companies believe there may be opportunities to benefit from each other’s unique strengths to drive global growth.