February 23, 2021 – Today Daimler Truck AG and global power leader and independent engine manufacturer Cummins Inc. (NYSE: CMI) announced that the companies have signed a memorandum of understanding establishing a global strategic partnership for medium-duty engine systems. The companies added that other opportunities for collaboration are also being evaluated.
The memorandum of understanding between Daimler Truck AG and Cummins makes engine production at the Mannheim location fit for the future and at the same time strengthens our competitiveness. With the changeover to Euro VII, we would have to invest considerable resources in the further development of our medium-duty engines. We are now freeing up these funds to focus them on the technologies that are crucial to our long-term corporate success in the transformation of our industry.