Eaton, Cummins form automated transmission joint venture
COLUMBUS, IN - Eaton and Cummins are launching a joint venture to develop heavy-duty and medium-duty automated transmissions, the companies have announced. It will be known as Eaton Cummins Automated Transmission Technologies. Each company will own 50% of the joint venture that will design, assemble, sell and support future automated transmissions. Eaton receives US $600 million from Cummins in the deal. It is still subject to regulatory approvals.