Business, Equipment

Cummins Reduces Sales Forecast, Cuts 2,000 Jobs

Cummins Inc.’s third-quarter profit trailed analysts’ estimates, and the company reduced its annual sales forecast because of weakening demand for its heavy-duty engines.

Mark Clothier | Bloomberg News
October 28, 2015
Business

Fiat Chrysler Recalls 1.73 Million Trucks in 3 Safety Campaigns

Fiat Chrysler Automobiles said it is recalling about 1.73 million trucks for defects, including a wiring harness that may short-circuit and set off an air bag.

Mark Clothier | Bloomberg News
September 10, 2015
Business

Fiat Chrysler Quarterly Profit Rises on Ram, Jeep Demand

Fiat Chrysler Automobiles reported profit that missed analysts’ estimates as costs for recalling faulty vehicles blunted the benefits from a stronger dollar and sales of Ram pickups and Jeep SUVs in the U.S.

Mark Clothier | Bloomberg News
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Tommaso Ebhardt | Bloomberg News
January 28, 2015