Cummins Inc. and Isuzu Motors Limited announced that both companies have entered into the Isuzu Cummins Powertrain Partnership agreement. The agreement announced Friday formalizes a business structure for the two companies to evaluate and carry out opportunities to jointly develop and bring new diesel and diesel-based powertrains to global markets.

“As Cummins celebrates 100 years of innovation, we continue to look for opportunities to build global relationships with companies that share our values and our focus on innovation,” said Tom Linebarger, Chairman and CEO of Cummins. “This partnership is a terrific opportunity for both companies to leverage our respective strengths and create new opportunities to grow and broaden the product portfolio we bring to customers,” added Linebarger.