As the EV revolution in the auto industry continues to grow, Cummins CEO Jennifer Rumsey joins Yahoo Finance Live to discuss the company's strategy and how it will still be making diesel engines over the next 10 years.
“It’s important to realize that commercial and industrial applications are quite different than passenger cars,” Rumsey says. Customers “need to run equipment that will allow them to be profitable and successfully meet their business requirements,” Rumsey explains. Customers are “really interested in initial cost and total cost of ownership in these technologies,” Rumsey says.
“There’s a range of different applications when you look across different commercial and industrial applications,” such as a bus, pickup, or delivery truck, and they each have “very different power, weight, range, and life requirements that drives different solutions.” “Over the next 10 years… we’re going to continue to grow in the engines that we provide to our customers around the world,” Rumsey says.
