Cummins ends joint venture with CNH, Iveco

Cummins has concluded its joint ventures with CNH Global and Iveco, two Fiat Group companies. Under the new agreement, Cummins will acquire CNH’s 50 percent interest equity stake in Consolidated Diesel Company and will sell its interest in the European Engine Alliance.
Whitakers, North Carolina-based CDC will become a wholly-owned entity of Cummins. Cummins has produced more than 2.7 million mid-range engines since entering the joint venture with Case in 1980.