While Components’ performance exceeded previous years, this segment’s results still need to improve significantly. To ensure Components future success, we have stepped up our focus on operational issues, particularly in the Emission Solutions and Turbo Technologies businesses.

We have a proven track record of dealing with operational challenges, as illustrated by the turnarounds in the Heavy Duty engine and Power Generation businesses earlier in the decade. So we remain very optimistic about Components’ ability to achieve significant sales and profit gains in the future.

Along with our financial success, we are proud of several major business and product accomplishments during 2007.

We announced exciting new products that were launched or will be introduced during the next several years, including engines that meet tough global emissions standards.

Among our new offerings was the next generation XPI high pressure fuel system, which was introduced on our 2007 C/L mid-range engines. In 2010, XPI will be applied to heavy-duty on-highway truck engines to meet the upcoming 2010 emission regulations. The XPI was created through our partnership with Scania.

As a result of our outstanding technology, Cummins Heavy Duty monthly market share averaged above 40 percent for the last two-thirds of the year. In my 36 years at Cummins, I cannot remember this large a market-share shift. We also enjoyed growing market leadership around the world, including transit bus, power generation, marine, medium-duty trucks, recreational vehicles and many more.