Cummins Inc.’s (CMI) 5.0L V8 Turbo Diesel engine has found it was way into Nissan Motor Co. Ltd.’s (NSANY) next-generation full-size Titan pickup truck. Columbus Engine Plant (CEP) of Cummins is being developed to produce the said engine, which is being integrated into Titan as part of a partnership between Cummins and the automaker.
The partnership promises mutual benefit. While Cummins is expanding its business, Nissan is expected to win a larger customer base.
Cummins diesel engine will enhance the pickup’s power, performance and fuel efficiency. It will also widen Cummins’ product range. The 5.0L V8 Turbo Diesel offers a good balance of towing capacity and mileage with torque rating of mid-500s (lb-ft) and over 300 horsepower.
In addition, the engine boasts innovative technologies of Cummins including turbo technology and Selective Catalytic Reduction technology from Cummins Emission Solutions. It abides by the latest emissions standards. Cummins is also producing a version of the V8 Turbo Diesel for commercial vehicles.
Cummins also plans to increase its workforce for the V8 program by adding 300 workers over the coming years. Eventually, the company plans to employ 800 workers.
Nissan’s Titan pickup will be produced in its vehicle assembly plant in Canton, Miss.. The gasoline engines will be cast, forged and assembled in the Decherd, Tenn., powertrain plant of the automaker.
Cummins is a leading worldwide designer, manufacturer and distributor of diesel and natural gas engines, electric power generation systems, and engine-related components, fuel systems, controls and air handling systems. Currently, Cummins retains a Zacks Rank #3 (Hold), while Nissan carries a Zacks Rank #1 (Strong Buy).
Other stocks that are performing well in the industry include Denso Corp. (DNZOY) and Gentex Corp. (GNTX). Both are Zacks Ranked #1 (Strong Buy) stocks.
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