For the second time in five years, Cummins received recognition as Diesel Progress magazine’s Newsmaker of the Year. We also earned a prestigious award for customer satisfaction from J.D. Power and Associates for engine performance, cost of ownership and warranty in the heavy-duty vocational engine segment. In addition, Cummins QSB3.3 was awarded the Diesel Engine of the Year for 2007.

Our outstanding Six Sigma efforts continued to improve productivity and increase operational efficiencies for Cummins and our customers. We closed a record 2,800 projects in 2007, including some 500 customer-focused projects, and we have now trained 7,000 belts since 2000.

Living Our Values

During 2007 we continued our focus on demanding that everything we do leads to a cleaner, safer, healthier environment. We published our fourth Sustainability Report. We have pledged to reduce our greenhouse gas emissions from our facilities by 25 percent by 2010 from 2005 levels (adjusted for sales) as part of our commitment to the U.S. Environmental Protection Agency’s Climate Leaders Program.

The Cummins/Chrysler team that developed the innovative 6.7-liter diesel engine and engineered it into the Dodge Ram heavy-duty pickup truck won Chrysler’s Environmental Leadership Award. We were named to the Dow Jones World Sustainability Index for the third time.

Along with these initiatives, we were recognized for activities that reflect our efforts to operate with integrity and to create a great place to work.

We were selected a top company for diversity and the No. 1 company in the U. S. for Asian and Asian-Americans for the second time. We were singled out as one of the “100 best places to work in IT” by IDG’s Computerworld magazine. We were listed among the top ethical companies in the U. S. for the ninth straight year. We also were cited as one of the Top Companies for Leaders 2007 by Fortune magazine. Cummins’ joint venture partner, KPIT Cummins, won the prestigious India-based Golden Peacock Award for Excellence in Corporate Governance.