FromUPDATE 1-Fiat, Cummins end engine joint venture
Newswire
(adds dateline, details, share price) MILAN, July 18 (Reuters) - Fiat has ended a diesel engine joint venture between its Iveco and CNH units and U.S. company Cummins , which began in 1996 with an investment of over $300 million, the companies said on Friday. As a result, Fiat's engine development division, Fiat PowerTrain, will take full control of the European Engine Alliance (EEA), in which Cummins had a one-third stake. In return, Cummins will take heavy plant maker CNH's 50 ... Wards Auto. You have to subscribe to read the whole article and it was dated July 18 2008. Iveco engines seem to look like a Cummins at least in a MX120. Barry
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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