Isuzu announced Thursday the company has signed a Letter of Intent with engine manufacturer Cummins to “jointly evaluate collaborative opportunities on power-source business.”
Each company, as part of the tie-up, has committed to assign a team of individuals in the coming months to explore potential opportunities in product technology development, service and other areas of collaboration with the potential for a longer-term partnership for the next generation of diesel and natural gas based internal combustion powertrains as well as new powertrain technologies such as electrification.
In a statement emailed to CCJ Thursday, Isuzu says the collaboration is a “great opportunity to share the technology of large and small diesel engines for future emissions requirements.”
“Diesel engines continue to be the power leader for the foreseeable future in commercial vehicle and off-highway markets,” says Cummins Chairman and CEO Tom Linebarger, “and such long-term partnership would enable both companies to grow globally.”
Linebarger notes the two long-time commercial vehicle giants share a commitment to technology leadership, quality and dependability for our customers and global reach.
“We also share common values in the way we do business and how we treat our people, our customers and our partners,” he says. “Cummins is honored to be working with Isuzu and to explore how to leverage our respective strengths to create new opportunities for both companies.”