Cummins CEO Tim Solso '69 Weighs In on New Fuel Efficiency Standards
August 14, 2011
August 14, 2011, Greencastle, Ind. — New fuel efficiency guidelines set by the Obama administration for heavy duty trucks and buses are drawing reaction from Tim Solso, chairman and chief executive officer of Cummins Inc., the largest independent manufacturer of diesel engines in the world. "Having a clear set of standards allows us to invest in technologies that we will use not only here in the United States but globally," Solso tells the Washington Post.
Juliet Eilperin writes, "The regulations require fuel-efficiency improvements of as much as 23 percent by model year 2018, compared with the industry’s 2010 baseline. The administration estimates that the rules will save a total of $50 billion in fuel costs and 530 million barrels of oil during that period."
Read more at the newspaper's website.
A 1969 graduate of DePauw University, Theodore M. "Tim" Solso is the U.S. chairman of the U.S. – Brazil CEO Forum and serves on the board of the Initiative for Global Development. Along with Bill Gates and other leading U.S. business executives, Solso serves on the American Energy Innovation Council. He is a past member of DePauw's Board of Trustees.
On May 22, Tim Solso delivered the principal address to DePauw's Class of 2011 and received an honorary doctoral degree at the University's 172nd annual commencement. A summary of his address, "What Will Be My Contribution?," including links to video and audio clips, can be found here. The entire speech is available on YouTube.