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Profits Dip at Component Makers Accuride, CVG

Two truck component makers reported lower second quarter profits late last month.

August 2, 2011

Cummins’ Second-Quarter Profit Doubles

Engine maker Cummins Inc. said Tuesday its second-quarter profit doubled to a record on higher sales, and it boosted its earnings outlook for the full year.

July 26, 2011

Bendix to Buy Iteris’ Vehicle Sensors Business for $14 Million

Bendix Commercial Vehicle Systems said late Monday it will acquire Iteris Inc.’s vehicle sensors business, including Iteris’ lane departure warning system.

July 25, 2011

Bowes Promoted as Reinhardt Leaves Meritor; Manufacturer Lowers Quarterly Guidance

Truck component supplier Meritor Inc. rearranged its executive positions in the wake of the departure of Chief Operating Officer Carsten Reinhardt, who left the Troy, Mich., manufacturer last week.

July 25, 2011

New CEO Says Cummins Can Compete Despite Vertical Integration of Trucks

Tom Linebarger, who will become Cummins Inc.’s next chairman and CEO on Jan. 1, said the company is well positioned to meet the competition of North American truck makers offering “vertically integrated” packages of their own trucks and engines.

July 25, 2011

Almost 25,000 Engine Retrofits Sold in 2010

The Manufacturers of Emission Controls Association said its members sold 24,640 diesel engine retrofit devices in 2010.

July 14, 2011

MECA Asks For Retrofit Incentives

The Manufacturers of Emission Controls Association said even though its members installed more than 24,000 diesel retrofit devices last year, more government incentives are needed to upgrade the older diesel engines in operation.

July 18, 2011

Cummins Boosting Dividend

Diesel engine maker Cummins Inc. said Tuesday it will boost its dividend to 40 cents per share, from 26.25 cents per share, effective Sept. 1.

July 12, 2011

Cummins’ CEO Solso to Retire; Linebarger Named Successor

Truck engine maker Cummins Inc. said late Tuesday that Chairman and CEO Tim Solso will retire at the end of the year.

July 13, 2011