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The world’s economy stinks, gas is expensive and we’re all watching our wallets closely.
You might assume that would also indicate less car parts being sold, but not for diesel engine manufacturer Cummins. “Several of the economies where Cummins operates are clearly weakening,” COO Tom Linebarger told analysts last month. “We really don’t know how deep it will go. We are confident in the long-term profitable growth of the company.”
The Columbus, Ind. based manufacturer builds natural gas and diesel engines and despite the worlds money woes is projecting a sharp rise in diesel fuel demand. Last month Cummins told analysts they forecast to grow by more than 60 per cent and reach $30 billion in 2015.
Over the next five years the company also plans to hire 7000 new engineers to compensate for increased demand. They hope doing so will allow them to develop new engines to meet increasingly stringent efficiency standards.
They owe their expansion in large part to overseas demand in emerging economies like China and South America and India where there is still high demand for construction equipment, but it isn’t the only reason.
The company is also expanding its production for consumer vehicles. Nissan is currently working on putting a 2.8-liter direct injection turbocharged four-cylinder from Cummins into its 2015 Titan pickup. Once available, the new generation Titan will be one of the most efficient full-size pickups on the market.
Nissan North America has recently announced U.S pricing for the 2012 Armada SUV and 2012 Titan full-size pickup. The Armada will be offered in three models including the SV, SL and Platinum trim levels. Each models is offered with either a two-wheel or four-wheel drive setup, and a 317-hp 5.6-liter V8 engine. The engine will be mated to a five-speed automatic transmission, and a Brilliant Silver has been added as a new exterior colour choice for the 2012 model year.
Pricing for the 2012 Nissan Armada are as follows:
4×2 SV $38,490
4×2 SL $43,940
4×2 Platinum $51,050
4×4 SV $44,090
4×4 SL $46,840
4×4 Plainum $53,950
The 2012 Titan is offered in King Cab and Crew Cab body styles with in either a 4×4 or 4×2 configuration, along with two wheelbases and three bed lengths. The Titan is equipped with a 317-hp 5.6-liter DOHC V8 mated to a five-speed automatic transmission. The maximum towing capacity for the King Cab is 9,500 pounds and the Crew Cab can tow 9,400. The Titan is offered in S, SV, Pro-4x and SL trim levels as well as the all-new SV Sport Appearance Package.
Pricing for the 2012 Nissan Titan King Cab are as follows:
S King Cab 4×2 $27,410
SV King Cab 4×2 $29,410
S King Cab 4×4 $30,260
SV King Cab 4×4 $32,260
Pro-4x King Cab 4×4 $35,140
Pricing for the 2012 Nissan Titan Crew Cab are as follows:
S Crew Cab 4×2 $29,960
SV Crew Cab 4×2 $31,610
SV Crew Cab 4×2 LWB $32,060
SL Crew Cab 4×2 $37,510
S Crew Cab 4×4 $32,810
SV Crew Cab 4×2 $34,460
SV Crew Cab 4×4 LWB $34,940
Pro-4x Crew Cab 4×4 $37,340
SL Crew Cab 4×4 $40,210
Hyundai and Chrysler could partner together for a full-sized truck based off of the Ram, after Chrysler’s deal with Nissan fell apart. Sources say that Hyundai approached Chrysler as late as February regarding a potential tie-up. Hyundai’s lineup is experiencing a renaissance in North America, but the Korean automaker lacks a full-size pickup truck for the crucial North American market. Chrysler CEO Sergio Marchionne reportedly turned down the offer at that time, but is now re-considering due to excess capacity at truck plans. Both Toyota and Nissan have struggled to sell their own full-size pickups in recent years.
[Source: Left Lane News]