Updating cummins isc engine cap pump and problems express star dating

Furthermore, excluding a one-time positive income tax adjustment of million, the company reported a fourth quarter loss of 34 cents per share, which was greater than Wall Street was expecting.

Recorded sales in the quarter slipped slightly to

Furthermore, excluding a one-time positive income tax adjustment of $57 million, the company reported a fourth quarter loss of 34 cents per share, which was greater than Wall Street was expecting.Recorded sales in the quarter slipped slightly to $1.41 billion, reflecting decreased sales in most North American automotive markets and the power generation business.Therefore, to be on the safe side, it might be best to wait for that upturn to push its earnings estimates higher before adding or deepening a position in CUM." At issue is the rollout of a new generation of diesel engines for use in trucks, buses, and motor homes.Years ago, the EPA discovered that diesel engine market leaders were exceeding allowable emissions standards by allegedly disabling their pollution controls during highway driving.The EPA filed suit against seven companies and on Oct.

||

Furthermore, excluding a one-time positive income tax adjustment of $57 million, the company reported a fourth quarter loss of 34 cents per share, which was greater than Wall Street was expecting.

Recorded sales in the quarter slipped slightly to $1.41 billion, reflecting decreased sales in most North American automotive markets and the power generation business.

Therefore, to be on the safe side, it might be best to wait for that upturn to push its earnings estimates higher before adding or deepening a position in CUM." At issue is the rollout of a new generation of diesel engines for use in trucks, buses, and motor homes.

Years ago, the EPA discovered that diesel engine market leaders were exceeding allowable emissions standards by allegedly disabling their pollution controls during highway driving.

The EPA filed suit against seven companies and on Oct.

22, 1998 it announced a settlement and a consent decree with them all: Cummins, Caterpillar Inc., Detroit Diesel Corp., Navistar International Corp., Mack Trucks Inc., Renault Vehicules Industriels S. (The latter three have since merged and become Volvo Global Trucks.) Under terms of that consent decree, the manufacturers had until Oct.

But the alarm bells don't start ringing until you get to the section entitled: "WARRANTY RISKS STILL EXIST: "Cummins is in the midst of launching both medium and heavy-duty emission compliant engines.

Current warranty expense is 3.6% of sales, but could go higher if there is a significant issue with product quality." An automotive industry expert contacted by Warranty Week said 3.6% was "exceptionally high." In fact, he asked if that figure was for completed vehicles or just for the engines, because warranty costs of 2% to 3% for the whole vehicle are more typical based on his experience at General Motors Corp. "3.6% of the price of a diesel engine would probably more than cover the typical warranty expense of an entire car," the source said.

.41 billion, reflecting decreased sales in most North American automotive markets and the power generation business.

Therefore, to be on the safe side, it might be best to wait for that upturn to push its earnings estimates higher before adding or deepening a position in CUM." At issue is the rollout of a new generation of diesel engines for use in trucks, buses, and motor homes.

Years ago, the EPA discovered that diesel engine market leaders were exceeding allowable emissions standards by allegedly disabling their pollution controls during highway driving.

The EPA filed suit against seven companies and on Oct.

22, 1998 it announced a settlement and a consent decree with them all: Cummins, Caterpillar Inc., Detroit Diesel Corp., Navistar International Corp., Mack Trucks Inc., Renault Vehicules Industriels S. (The latter three have since merged and become Volvo Global Trucks.) Under terms of that consent decree, the manufacturers had until Oct.

But the alarm bells don't start ringing until you get to the section entitled: "WARRANTY RISKS STILL EXIST: "Cummins is in the midst of launching both medium and heavy-duty emission compliant engines.

Current warranty expense is 3.6% of sales, but could go higher if there is a significant issue with product quality." An automotive industry expert contacted by Warranty Week said 3.6% was "exceptionally high." In fact, he asked if that figure was for completed vehicles or just for the engines, because warranty costs of 2% to 3% for the whole vehicle are more typical based on his experience at General Motors Corp. "3.6% of the price of a diesel engine would probably more than cover the typical warranty expense of an entire car," the source said.

Estimates for the 2003 year have slumped by about 19 cents in the past seven trading days, as CUM lowered its guidance for 2003 in late January to between

Estimates for the 2003 year have slumped by about 19 cents in the past seven trading days, as CUM lowered its guidance for 2003 in late January to between $1.80 and $2.00, due to the continued weakness in power generation markets.

"Whenever you have new product you always go through that battle. And we're not hearing any major issue at this point." The Goldman Sachs Group Inc.

was the first to make the link in print between reliability worries, warranty costs, and earnings surprises.

"I would expect you're going to see an increased failure rate right out of the chute if they're unreliable," he said.

"It is extremely unlikely that you're going to have a situation where those engines are on the market for six months or a year before somebody realizes they're unreliable." Amy Davis, director of communications strategy at Cummins, said the company is generally pleased with the rollout of its new EPA-compliant ISB, ISM, and ISX engines (the ISC design remains unchanged for now).

||

Estimates for the 2003 year have slumped by about 19 cents in the past seven trading days, as CUM lowered its guidance for 2003 in late January to between $1.80 and $2.00, due to the continued weakness in power generation markets."Whenever you have new product you always go through that battle. And we're not hearing any major issue at this point." The Goldman Sachs Group Inc.was the first to make the link in print between reliability worries, warranty costs, and earnings surprises."I would expect you're going to see an increased failure rate right out of the chute if they're unreliable," he said."It is extremely unlikely that you're going to have a situation where those engines are on the market for six months or a year before somebody realizes they're unreliable." Amy Davis, director of communications strategy at Cummins, said the company is generally pleased with the rollout of its new EPA-compliant ISB, ISM, and ISX engines (the ISC design remains unchanged for now).In late January, Cummins announced fourth quarter and full year numbers for 2002 that were not as bad as had been expected. 6, Zacks Investment Research Inc., added Cummins to the dreaded "#5 Ranked List of Stocks to Sell Now." Others might call that a "strong sell" signal, but Zacks is really advising investors to avoid the shares for only the next one to three months.

.80 and .00, due to the continued weakness in power generation markets."Whenever you have new product you always go through that battle. And we're not hearing any major issue at this point." The Goldman Sachs Group Inc.was the first to make the link in print between reliability worries, warranty costs, and earnings surprises."I would expect you're going to see an increased failure rate right out of the chute if they're unreliable," he said."It is extremely unlikely that you're going to have a situation where those engines are on the market for six months or a year before somebody realizes they're unreliable." Amy Davis, director of communications strategy at Cummins, said the company is generally pleased with the rollout of its new EPA-compliant ISB, ISM, and ISX engines (the ISC design remains unchanged for now).In late January, Cummins announced fourth quarter and full year numbers for 2002 that were not as bad as had been expected. 6, Zacks Investment Research Inc., added Cummins to the dreaded "#5 Ranked List of Stocks to Sell Now." Others might call that a "strong sell" signal, but Zacks is really advising investors to avoid the shares for only the next one to three months.

635

Leave a Reply