Contract Type
partnership
DearbornAutomotiveManufacturingDescription
Ford Motor Company's history with Cummins Engine Company dates back to the 1990s when Ford owned a 10.8% stake in Cummins after paying $100 million. The partnership was marked by Ford trucks with Cummins engines, which included some of the biggest pickups available at that time. Cummins' chief executive expressed excitement about the partnership, but the relationship did not last long.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months