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Cummins and isuzu signed a letter of intent to explore future cooperation opportunities

2019-01-21
On October 4, 2018, cummins (nyse: CMI) and isuzu motors announced the signing of a letter of intent to jointly explore cooperation opportunities and create globally competitive products.

In the commercial vehicle sector, energy sources are increasingly diverse and emissions regulations are tightening globally.Whether it's developing new generation diesel and natural gas drivelining solutions, or rolling out alternative energy power systems, connectivity and autonomous driving technologies to meet end-user needs, it's going to require significant investment.Therefore, the establishment of cooperation and strategic partnership is essential to share the growing cost of investment and win the market.

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"Isuzu is a leading global company with a strong reputation for trucks, drivetrains and customer service."Tom Linebarger, chairman and chief executive of cummins, said: "we are both committed to providing our customers with leading technology, quality and reliability products with global distribution capabilities.We also share common values about the way our businesses operate and how we treat our employees, customers and partners.Cummins is proud to work with isuzu to explore ways to complement each other's strengths and create new opportunities for future development.
Both isuzu and cummins are leaders in technological innovation with a history of nearly 100 years. They have extensive global distribution and can complement each other in different regions of the world.Both sides believe there are opportunities to benefit from each other's unique strengths and promote common development.
The two sides commit to form a project team in the coming months to explore potential opportunities in product technology development, services and other areas of cooperation, and to explore long-term cooperation potential in new driveline technologies, including next-generation diesel and natural gas internal combustion power systems and electric power systems.For the foreseeable future, Diesel Engines will continue to dominate the commercial vehicle and off-road pme markets.A long-term partnership will help cummins and isuzu continue to grow globally.
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