Cummins CEO Tim Solso '69 Announces Joint Venture with Russian Vehicle Manufacturer
January 29, 2006
January 29, 2006, Greencastle, Ind. - "We are very excited about this new joint venture with our friends at KAMAZ," says Tim Solso, chairman and chief executive of Cummins Inc. and 1969 graduate of DePauw University. KAMAZ Inc. is the largest vehicle manufacturer in Russia. Cummins and KAMAZ have signed a joint venture agreement to produce B Series engines (120-275 horsepower) under the name ZAO Cummins Kama. The engines will be manufactured at the joint venture facilities, co-located with KAMAZ in Naberezhnye Chelny, Tatarstan, about 700 miles east of Moscow. The first engines will be assembled early this year.
"Cummins will benefit from its association with this highly respected original equipment manufacturer and its extensive dealer network in the Russian market," Solso, a member of DePauw University's Board of Trustees, adds. "KAMAZ will gain from the use of Cummins dependable clean diesel engines and will have access to our new business and manufacturing technologies."
Read more at Auto Spectator.
Diversity Inc., a magazine that specializes in covering diversity issues, named Cummins Inc. as the top company for Asian Americans and one of the Notable Companies for Diversity. Learn more in this previous story.Back