SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

DJ Cummins Predicts Big Acceleration in Truck Building -- Market Talk

· 02/04/2021 14:42

14:42 ET - A big rebound in the commercial truck market is under way. Cummins forecasts production of heavy-duty trucks in North America will increase by as much as 40% this year over 2019. Cummins supplies diesel engines for about one-third of all heavy-duty trucks built in North America. The engine maker predicts a full-year volume of 245K to 265K vehicles. That increase will be offset by lower sales of Cummins' engines in China where a red-hot truck market in 2020 is expected to cool later in the year. Cummins predicts revenue from its engine business to rise by 10%-14% this year. Shares down 1% at $233.13. (robert.tita@wsj.com; @bob_tita)

(END) Dow Jones Newswires

February 04, 2021 14:42 ET (19:42 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.