|
|
Article: The Indianapolis Star Business Briefs Column.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 16, 2000
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Oct. 15--CUMMINS CEO IS COMMITTED TO TRUCK BUSINESS: Late last week, CEO Tim Solso had to squelch a suggestion that Cummins might next strike production of its trademark heavy-truck diesel engines.
In a teleconference, Solso told analysts to expect a "fundamental restructuring" of the struggling division.
That prompted analyst Gary McManus of J.P. Morgan Securities to challenge:
"You're obviously hinting you're at least considering walking away from the heavy truck business."
Solso countered: "I think you're putting words in my mouth."
He added: "You shouldn't read we have determined one course of action."
In a ...