COLUMBUS, Ind. (April 15, 2008) - Cummins Inc. (NYSE:CMI) announced today that it has earned a prestigious 2008 Automotive News PACE Award for innovation demonstrated by the 6.7L turbo diesel engine. The PACE Award ceremony, held on April 14 in Detroit, Mich., honors superior innovation, technological advancement and business performance among automotive suppliers.
Cummins has been recognized for the 6.7L Dodge Ram Turbo Diesel engine which debuted in January 2007 and is available in the Dodge Ram 2500 and 3500 models. The 6.7L diesel engine is the strongest, cleanest, quietest heavy-duty diesel pickup truck engine available on the market and is the first to meet the 2010 EPA emissions regulations in all 50 states. Cummins achieves this by using a NOx Adsorber Catalyst - a breakthrough technology designed and integrated by Cummins.
As noted by Joe Loughrey, President and Chief Operating Officer of Cummins, in accepting the award, "This is a significant product innovation and a terrific honor for Cummins to be recognized. We share this recognition with our customer, Chrysler, who collaborated with us in developing a common vision for a product that would deliver on our commitment to exceptional customer satisfaction while ensuring our contribution to a cleaner environment." Loughrey also acknowledged several partners who significantly contributed to Cummins success in the product including the Department of Energy, the Environmental Protection Agency and several supplier partners.
The PACE (Premier Automotive Suppliers' Contribution to Excellence) Award is viewed around the world as the industry symbol of innovation. Cummins earned Automotive News PACE Award winner status after an extensive review by an independent panel of judges, a comprehensive written application and a site visit. The 14th annual award was presented in a ceremony in Detroit, Mich., by Automotive News and co-sponsors Microsoft, SAP, and Transportation Research Center Inc. (TRC Inc.).
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins serves customers in more than 160 countries through its network of 550 company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $739 million on sales of $13.05 billion in 2007.