February 4, 2010 (FinancialWire) — Cummins Inc. (NYSE: CMI) said it has inked a multiyear extension of its current agreement with Chrysler Group LLC. Under the deal, Cummins will supply 6.7-liter turbo diesel engines for Chrysler’s Ram heavy duty pickups and chassis cab trucks.

Cummins has supplied Chrysler with diesel engines for the past 21 years.

The company said that over 80 percent of Ram heavy duty truck customers purchase their truck with the Cummins turbo diesel.

The first Cummins turbo diesel was used in the 1989 Dodge Ram, with projected sales of less than 5,000 engines, according to the company. Actual sales of the truck/powertrain combination exceeded 20,000 engines in the first year.

Diesel powerplants offer truck users better fuel economy than the typical V8 gasoline powerplants that come as standard equipment in larger heavy duty or “super duty” pickup trucks.

Indiana-based Cummins designs, manufactures, distributes and services engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. The company serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations.

Cummins reported net income of $428 million on sales of $10.8 billion in 2009.

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