Cummins deals with uneven U.S. restart after Mexican, European closures

China 2435 Cons. Discr. - Autos 883 Coronavirus 303 European Union 590 Industrials - Capital Goods 412 Mexico 683 U.S. 4297

Engine manufacturer Cummins is experiencing challenges from the restart of production after the COVID-19 pandemic. The firm’s IR Director, James Hopkins has stated delayed openings in Mexico are “causing some concern on the ability of the industry to produce in the United States in the reopened facilities”. U.S. imports linked to Cummins dropped by 32.5% year over year in April after a 27.1% drop in Q1. Imports from Europe fell by 44.5% after an extended period of double-digit growth that may have reflected a switch in supplies away from China due to the trade war. The drop in shipments ...

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