UPDATE 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 ...

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