* Profits fall 96 percent * Sales fall 30 percent * No improvement seen in '09 CHICAGO, April 28 (Reuters) - Cummins Inc said on Thursday that its earnings in the latest quarter fell 96 percent as the worldwide recession hit sales of its diesel engines and components. The company also offered a bleak near-term outlook, saying, "We do not see the economy or our markets improving for the remainder of 2009." Cummins reported a first-quarter profit of $7 million, or 4 cents a share, ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Cummins net tumbles 96 pct, sees no improvement in '09" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642