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CUMMINS (CMI)
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Cummins : announces availability of X12 with Autocar

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04/19/2018 | 04:32pm CEST

Cummins Inc. (NYSE: CMI) is pleased to announce that starting in the fourth quarter of 2018, Autocar - an American manufacturer of severe-duty, cab-over-engine vocational trucks, will introduce the X12 in their ACX model.

'With its best-in-class power-to-weight ratio, Cummins believes that the X12 engine will be well suited to address the needs of the refuse market as well as other weight sensitive vocational applications,' said Brett Merrit, Vice President - Cummins On-Highway Engine Business.

'Autocar is a key player in the North America refuse market and this introduction will further our current collaboration across diesel and natural gas platforms.'

To meet customer needs, the Cummins X12 boasts a remarkably low engine weight of 2,050 pounds that doesn't compromise on durability or performance. Delivering up to 500 horsepower (373 kW), the X12 has the highest power-to-weight ratio of any comparable engine in the market. Haulers specifically with the Autocar ACX powered by the X12 engine will see a significant weight savings of 733 pounds versus Cummins' previous 12-liter engine. That's 733 pounds more payload available.

'Autocar is focused on bringing innovations to the market with real, tangible benefits to our customers,' said Jim Johnston, President of Autocar. 'This new engine puts more cash in our customers' pockets, plain and simple. We're gratified that Cummins trusts us to bring the X12 engine to the refuse market first.'

The X12 uses the latest Single Module aftertreatment system, which takes up to 60 percent less space and weighs up to 40 percent less than prior aftertreatment configurations.

Combined engine and aftertreatment weight for the X12 is around 2,240 pounds - considerably lower than that of any other heavy-duty system.

'Built around improved uptime and reliability, the X12 will be in prime position to support Autocar's vision of 'Always Up.'' Merritt.

The X12 will be available in Autocar's ACX starting in the fourth quarter of 2018.

About Autocar

Autocar is the oldest motor vehicle brand in the United States and built America's first truck, in 1899. Focused on purpose-built trucks from the very beginning, today Autocar is the leading American manufacturer dedicated to severe-duty cab-over-engine trucks. Autocar has strong and growing positions in the markets for biggest, baddest trucks on the road, such as Class 8 refuse and recycling trucks, concrete pump trucks, terminal tractors, and other severe-duty vocational applications. A proudly American-owned company, Autocar builds trucks in Hagerstown, Indiana and Birmingham, Alabama and is affiliated with GVW Group, based in Highland Park, Illinois. www.AutocarTruck.com.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company's products range from diesel and natural gas engines to hybrid and electric platforms, as well as related technologies, including battery systems, fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (U.S.A.), since its founding in 1919, Cummins currently employs approximately 58,600 people committed to powering a more prosperous world. Cummins serves customers in about 190 countries and territories through a network of some 500 company-owned and independent distributor locations and approximately 7,500 dealer locations. Cummins earned $1 billion on sales of $20.4 billion in 2017. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at www.twitter.com/cummins and on YouTube at www.youtube.com/cumminsinc.

(C) 2018 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2018 22 046 M
EBIT 2018 2 750 M
Net income 2018 2 084 M
Debt 2018 326 M
Yield 2018 2,59%
P/E ratio 2018 13,31
P/E ratio 2019 12,46
EV / Sales 2018 1,28x
EV / Sales 2019 1,20x
Capitalization 27 860 M
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Technical analysis trends CUMMINS
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 25
Average target price 183 $
Spread / Average Target 8,5%
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Managers
NameTitle
Norman Thomas Linebarger Chairman & Chief Executive Officer
Richard Joseph Freeland President, Chief Operating Officer & Director
Patrick Joseph Ward Chief Financial Officer & Vice President
Sherry A. Aaholm Chief Information Officer & Vice President
Jennifer W. Rumsey Chief Technical Officer & Vice President
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