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Home Tech Automobiles

Diesel giant Cummins acquiring automobile parts manufacturer at $3.7B

by Meghana Kandra
February 23, 2022 - Updated On February 24, 2022
in Automobiles, Cars, Electric Vehicles
Reading Time: 1 min read
0
Cummins Buying Meritor In $3.7 Billion Deal, Accelerating Auto Supplier Consolidation
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Diesel Giant Cummins is betting on the electric truck future as its invests in automobile parts manufacturer, Meritor. The company makes various drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicle and industrial markets.  With the deal value to be $3.7 billion, the investment from Cummins is focused on making disruptions in the trucking segment.

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Cummins Buying Meritor In $3.7 Billion Deal, Accelerating Auto Supplier  Consolidation
Image credits- Forbes

 

Tags: CumminsDiesel giantdrivetrainselectric truckindustrial trucks
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Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

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60% of merchants want to accept cryptocurrency within a year

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