Cummins has concluded its joint diesel engine venture with two companies of Italy’s Fiat Group.

The arrangement, known as the European Engine Alliance, was established in 1996 among Cummins and Iveco and New Holland (now CNH Global) to develop new 4-, 5-, and 6-liter diesel engines. It has produced more than 2.7 million mid-range engines.

Meanwhile, Cummins is purchasing CNH’s equity stake (50%) in Consolidated Diesel Company (CDC). Whitakers NC-based CDC manufactures diesel, propane, natural gas, and gasoline engines.

View more refrigerated transport business news, including mergers, acquisitions and other partnerships.