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96-505: Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes engines , filtration, and power generation products. Cummins also services engines and related equipment, including fuel systems , controls , air handling, filtration , emission control , electrical power generation systems , and trucks . Headquartered in Columbus, Indiana , Cummins sells in approximately 190 countries and territories through

192-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

288-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

384-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

480-428: A given displacement . The current categorisation is that a turbocharger is powered by the kinetic energy of the exhaust gases, whereas a supercharger is mechanically powered (usually by a belt from the engine's crankshaft). However, up until the mid-20th century, a turbocharger was called a "turbosupercharger" and was considered a type of supercharger. Prior to the invention of the turbocharger, forced induction

576-830: A global scale, for diesel engines above 3 liters. Its Emission Solutions unit develops and supplies catalytic exhaust systems and associated products to the medium and heavy-duty commercial diesel engine markets. Cummins Filtration designs, manufactures and distributes heavy-duty and light-duty air, fuel, hydraulic and lube filtration, chemicals and exhaust system technology products for diesel and gas-powered equipment. In contrast Cummins Electronics designs engine control units and sensors for Cummins diesel engines. Cummins Distribution Business consists of engine and power generation distribution as well as service and parts. The distribution unit of Cummins consists of 17 Cummins owned distributors and 10 joint ventures, covering 90 countries and territories through 234 locations. The Holset Engineering Co.

672-511: A joint venture with Dongfeng Automobile Company , as well as Guangxi Cummins Industrial Power with LiuGong . One of the most successful joint ventures is the joint venture with Foton called Beijing Foton Cummins Engine Company. This joint venture developed the ISG/X12 engine platform in the mid 2010s. The ISG/X12 in China has surpassed 240,000 units per year making it the highest volume heavy duty engine in

768-628: A joint venture with the Kirloskar Group . The ownership structure of the joint venture was divided as follows: In 1996 Cummins Inc. bought Kirloskar shares. Now it is a Cummins Inc. subsidiary. As of 2013, the Cummins group had revenues over $ 1.5 billion, 20 factories and 9000 employees in India. Cummins conducts a significant part of its R&D in India at the Cummins Research and Technology centre that

864-405: A limiting factor in the peak power produced by the engine. Various technologies, as described in the following sections, are often aimed at combining the benefits of both small turbines and large turbines. Large diesel engines often use a single-stage axial inflow turbine instead of a radial turbine. A twin-scroll turbocharger uses two separate exhaust gas inlets, to make use of the pulses in

960-487: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

1056-401: A network of more than 600 company-owned and independent distributors and approximately 7,200 dealers. The Cummins Engine Company was founded in Columbus, Indiana on February 3, 1919, by mechanic Clessie Cummins and banker William Glanton Irwin. The company focused on developing the diesel engine , which was invented 20 years earlier. Despite several well-publicized endurance trials, it

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1152-483: A pattern 53 Block. The case has been settled, but some qualified Chrysler owners may receive $ 500 for repairs to the block, which was alleged to crack and create a coolant leak. In April 2013, Cummins utilized technology developed by Westport Innovations to ship large natural gas-fueled engines to truck manufacturers in the United States as trucking companies began converting portions of their fleets to natural gas and

1248-566: A pioneering role with turbocharging engines as witnessed by Sulzer, Saurer and Brown, Boveri & Cie . Automobile manufacturers began research into turbocharged engines during the 1950s, however the problems of "turbo lag" and the bulky size of the turbocharger were not able to be solved at the time. The first turbocharged cars were the short-lived Chevrolet Corvair Monza and the Oldsmobile Jetfire , both introduced in 1962. Greater adoption of turbocharging in passenger cars began in

1344-412: Is done with the use of adjustable vanes located inside the turbine housing between the inlet and turbine, which affect flow of gases towards the turbine. Some variable-geometry turbochargers use a rotary electric actuator to open and close the vanes, while others use a pneumatic actuator . If the turbine's aspect ratio is too large, the turbo will fail to create boost at low speeds; if the aspect ratio

1440-470: Is increasing. The companies which manufacture the most turbochargers in Europe and the U.S. are Garrett Motion (formerly Honeywell), BorgWarner and Mitsubishi Turbocharger . Turbocharger failures and resultant high exhaust temperatures are among the causes of car fires. Failure of the seals will cause oil to leak into the cylinders causing blue-gray smoke. In diesel engines, this can cause an overspeed,

1536-470: Is often considered the birth of the turbocharger. This patent was for a compound radial engine with an exhaust-driven axial flow turbine and compressor mounted on a common shaft. The first prototype was finished in 1915 with the aim of overcoming the power loss experienced by aircraft engines due to the decreased density of air at high altitudes. However, the prototype was not reliable and did not reach production. Another early patent for turbochargers

1632-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

1728-402: Is that the optimum aspect ratio at low engine speeds is very different from that at high engine speeds. An electrically-assisted turbocharger combines a traditional exhaust-powered turbine with an electric motor, in order to reduce turbo lag. This differs from an electric supercharger , which solely uses an electric motor to power the compressor. The compressor draws in outside air through

1824-411: Is that the two nozzles are different sizes: the smaller nozzle is installed at a steeper angle and is used for low-rpm response, while the larger nozzle is less angled and optimised for times when high outputs are required. Variable-geometry turbochargers (also known as variable-nozzle turbochargers ) are used to alter the effective aspect ratio of the turbocharger as operating conditions change. This

1920-490: Is too small, the turbo will choke the engine at high speeds, leading to high exhaust manifold pressures, high pumping losses, and ultimately lower power output. By altering the geometry of the turbine housing as the engine accelerates, the turbo's aspect ratio can be maintained at its optimum. Because of this, variable-geometry turbochargers often have reduced lag, a lower boost threshold, and greater efficiency at higher engine speeds. The benefit of variable-geometry turbochargers

2016-441: Is unable to produce significant boost. At low rpm, the exhaust gas flow rate is unable to spin the turbine sufficiently. The boost threshold causes delays in the power delivery at low rpm (since the unboosted engine must accelerate the vehicle to increase the rpm above the boost threshold), while turbo lag causes delay in the power delivery at higher rpm. Some engines use multiple turbochargers, usually to reduce turbo lag, increase

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2112-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

2208-710: The Boeing B-17 Flying Fortress in 1938, which used turbochargers produced by General Electric. Other early turbocharged airplanes included the Consolidated B-24 Liberator , Lockheed P-38 Lightning , Republic P-47 Thunderbolt and experimental variants of the Focke-Wulf Fw 190 . The first practical application for trucks was realized by Swiss truck manufacturing company Saurer in the 1930s. BXD and BZD engines were manufactured with optional turbocharging from 1931 onwards. The Swiss industry played

2304-620: The Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over the VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization ,

2400-413: The crankshaft ) whereas a turbocharger is powered by the kinetic energy of the engine's exhaust gas . A turbocharger does not place a direct mechanical load on the engine, although turbochargers place exhaust back pressure on engines, increasing pumping losses. Supercharged engines are common in applications where throttle response is a key concern, and supercharged engines are less likely to heat soak

2496-697: The history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include

2592-414: The 1980s, as a way to increase the performance of smaller displacement engines. Like other forced induction devices, a compressor in the turbocharger pressurises the intake air before it enters the inlet manifold . In the case of a turbocharger, the compressor is powered by the kinetic energy of the engine's exhaust gases, which is extracted by the turbocharger's turbine . The main components of

2688-762: The 20-minute lab tests to verify compliance with the Clean Air Act , but then quietly disabled the emissions controls during normal highway cruising, thereby emitting up to three times the maximum allowed NOx pollution. In December 2023, Cummins was fined $ 1.675 billion by the U.S. Justice Department for violations of the Clean Air Act. Cummins was found to have installed devices designed to bypass or disable emissions controls on 960,000 Dodge and Stellantis RAM pickup truck diesel engines between 2013 and 2023. It will also pay $ 325 million in remedies and recalls. Cummins reported Total CO2e emissions (Direct + Indirect) for

2784-786: The Cummins Onan Corporation, whose products remain in service today. This Business Unit was formed recently, following a merge of the Power Generation Unit and High Horsepower Sub-Division. On August 22, 2017, United Rentals announced it had acquired all mobile power generation assets from Cummins. To maintain fleet and customer service continuity, some Cummins employees joined United Rentals. Cummins Component Business Unit consists of emission solutions, filtration (Fleetguard), fuel systems, turbo technologies (Holset), and electronics. The Cummins Turbo Technologies unit designs and manufactures turbochargers and related products on

2880-513: The Cummins RV family only strengthens the brand and more uniformly speaks to our manufacturers and consumers,” said Jodie Wilson. “The brand changing will not affect product or service offerings, but will help us to continue on our promise of delivering dependability across the globe.” Rebranding occurred globally on all marketing activities, as product branding changed across all manufacturing plants beginning July 2017. President Joe Biden visited

2976-803: The Cummins plant in Fridley, Minnesota on April 3, 2022. It was part of his "Investing in America" tour. Cummins had announced a US$ 1 billion initiative to produce clean energy technology, including electrolyzers for hydrogen cells in Fridley. Exhaust and emissions after-treatment company Nelson Industries was purchased in 1999, due to the increasing importance of exhaust after-treatment systems for meeting future emissions standards. The division changed its name to Cummins Emission Solutions to be identified more closely with their parent company. Cummins has some joint ventures with Chinese manufacturers, such as Dongfeng Cummins,

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3072-670: The Cummins product line. The ISG/X12 is the foundation for all Cummins future engine platforms. Other entities were Cummins Beijing, Chongqing Cummins Engine, Xi’an Cummins Engine, Wuxi Newage Alternators, Xiangfan Fleetguard, Wuxi Cummins Turbo Technologies. Cummins India is the Indian subsidiary of Cummins. Cummins India is publicly traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Cummins began its India operations on 17 February 1962 in

3168-546: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

3264-640: The European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in the 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from

3360-475: The Fun Roads brand will also be retired. As Onan will now be repositioned as an RV product line, with the new rv.cummins.com website and social media platforms serving as tools for RVers across the country to find relevant information like product specs and a sales and service locator. “Looking to unify Cummins into one cohesive, unified brand, we decided that consolidating both products (engines and generators) into

3456-769: The Holset brand name. In 1986, Cummins began the acquisition of Onan and completed it in 1992. Since then, Onan has evolved into Cummins Power Generation (now Cummins Power Systems), a wholly-invested division of Cummins. The Onan name continues to be used for modern versions of their traditional engine-driven generators for RV, marine, commercial mobility, home standby, and portable use. Cummins Inc. (NYSE: CMI) announced that it will be unifying its brand strategy across its Power Systems business segment, which provides high-speed engines from 760 – 4400 HP and power generation equipment from 2–3,500 kW, including standby and prime power gen sets, alternators, switchgear and other components. Currently,

3552-557: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

3648-505: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

3744-545: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

3840-571: The Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for the world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902)

3936-458: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

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4032-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

4128-527: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

4224-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

4320-609: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

4416-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

4512-471: The United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

4608-669: The United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for

4704-561: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

4800-451: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

4896-462: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

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4992-728: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

5088-650: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

5184-449: The compressor blades. Ported shroud designs can have greater resistance to compressor surge and can improve the efficiency of the compressor wheel. The center hub rotating assembly (CHRA) houses the shaft that connects the turbine to the compressor. A lighter shaft can help reduce turbo lag. The CHRA also contains a bearing to allow this shaft to rotate at high speeds with minimal friction. Some CHRAs are water-cooled and have pipes for

5280-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

5376-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

5472-513: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Turbocharger In an internal combustion engine , a turbocharger (also known as a turbo or a turbosupercharger ) is a forced induction device that is powered by the flow of exhaust gases. It uses this energy to compress the intake air, forcing more air into the engine in order to produce more power for

5568-403: The engine rpm is within the turbocharger's operating range – that occurs between pressing the throttle and the turbocharger spooling up to provide boost pressure. This delay is due to the increasing exhaust gas flow (after the throttle is suddenly opened) taking time to spin up the turbine to speeds where boost is produced. The effect of turbo lag is reduced throttle response , in

5664-559: The engine's coolant to flow through. One reason for water cooling is to protect the turbocharger's lubricating oil from overheating. The simplest type of turbocharger is the free floating turbocharger. This system would be able to achieve maximum boost at maximum engine revs and full throttle, however additional components are needed to produce an engine that is driveable in a range of load and rpm conditions. Additional components that are commonly used in conjunction with turbochargers are: Turbo lag refers to delay – when

5760-418: The engine's intake system, pressurises it, then feeds it into the combustion chambers (via the inlet manifold ). The compressor section of the turbocharger consists of an impeller, a diffuser, and a volute housing. The operating characteristics of a compressor are described by the compressor map . Some turbochargers use a "ported shroud", whereby a ring of holes or circular grooves allows air to bleed around

5856-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

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5952-410: The flow of exhaust gases to mechanical energy of a rotating shaft (which is used to power the compressor section). The turbine housings direct the gas flow through the turbine section, and the turbine itself can spin at speeds of up to 250,000 rpm. Some turbocharger designs are available with multiple turbine housing options, allowing a housing to be selected to best suit the engine's characteristics and

6048-400: The flow of the exhaust gasses from each cylinder. In a standard (single-scroll) turbocharger, the exhaust gas from all cylinders is combined and enters the turbocharger via a single intake, which causes the gas pulses from each cylinder to interfere with each other. For a twin-scroll turbocharger, the cylinders are split into two groups in order to maximize the pulses. The exhaust manifold keeps

6144-404: The form of a delay in the power delivery. Superchargers do not suffer from turbo lag because the compressor mechanism is driven directly by the engine. Methods to reduce turbo lag include: A similar phenomenon that is often mistaken for turbo lag is the boost threshold . This is where the engine speed (rpm) is currently below the operating range of the turbocharger system, therefore the engine

6240-410: The gases from these two groups of cylinders separated, then they travel through two separate spiral chambers ("scrolls") before entering the turbine housing via two separate nozzles. The scavenging effect of these gas pulses recovers more energy from the exhaust gases, minimizes parasitic back losses and improves responsiveness at low engine speeds. Another common feature of twin-scroll turbochargers

6336-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

6432-499: The intake air. A combination of an exhaust-driven turbocharger and an engine-driven supercharger can mitigate the weaknesses of both. This technique is called twincharging . Turbochargers have been used in the following applications: In 2017, 27% of vehicles sold in the US were turbocharged. In Europe 67% of all vehicles were turbocharged in 2014. Historically, more than 90% of turbochargers were diesel, however, adoption in petrol engines

6528-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

6624-400: The largest fine to date. The fines came after manufacturers evaded testing by deliberately deactivating emissions controls during highway driving to give the appearance of being in full regulatory compliance during standard laboratory testing. The manufacturers also agreed to spend more than $ 1 billion to correct the problem. The trucks used engine ECU software to engage pollution controls during

6720-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

6816-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

6912-434: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

7008-475: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

7104-523: The most popular engines built is the 5.9-liter I6 engine used in the Dodge Ram heavy-duty pickups starting in 1988. In 2007, a 6.7-liter version of the Cummins straight-six engine became optional on the RAM pickup. In 2008, Cummins was a named defendant in a class-action suit related to 1998-2001 model year Dodge Ram trucks, model 2500 or 3500, originally equipped with a Cummins ISB 5.9 liter diesel engine built using

7200-462: The natural gas distribution network in the United States began to expand. Cummins has a technical center in Darlington , England, for developing products for the European, Middle Eastern, and Asian markets. Cummins Power Systems Business Unit consists of alternators, automatic transfer switches, commercial power systems, consumer systems, engines, and paralleling systems. All of the above stem from

7296-407: The performance requirements. A turbocharger's performance is closely tied to its size, and the relative sizes of the turbine wheel and the compressor wheel. Large turbines typically require higher exhaust gas flow rates, therefore increasing turbo lag and increasing the boost threshold. Small turbines can produce boost quickly and at lower flow rates, since it has lower rotational inertia, but can be

7392-598: The portfolio features the Cummins, Cummins Power Generation and Cummins Onan brands. With immediate effect, the branding will be consolidated under the Cummins brand. The Cummins Power Generation and Cummins Onan brands will be retired and the Onan name synonymous with mobile gensets, will be repositioned as a generator product line under the newly unified Cummins brand in the RV market. Cummins Inc. will also be permanently changing all “Fun Roads” branding to Cummins RV moving forward as well and

7488-548: The power output from 1,300 to 1,860 kilowatts (1,750 to 2,500 hp). This engine was used by the German Ministry of Transport for two large passenger ships called the Preussen and Hansestadt Danzig . The design was licensed to several manufacturers and turbochargers began to be used in marine, railcar and large stationary applications. Turbochargers were used on several aircraft engines during World War II, beginning with

7584-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

7680-399: The range of rpm where boost is produced, or simplify the layout of the intake/exhaust system. The most common arrangement is twin turbochargers, however triple-turbo or quad-turbo arrangements have been occasionally used in production cars. The key difference between a turbocharger and a supercharger is that a supercharger is mechanically driven by the engine (often through a belt connected to

7776-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

7872-457: The seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and the international oil market. Iran was unable to sell any of its oil. In August 1953,

7968-454: The then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by the strong influence of

8064-407: The turbocharger are: The turbine section (also called the "hot side" or "exhaust side" of the turbo) is where the rotational force is produced, in order to power the compressor (via a rotating shaft through the center of a turbo). After the exhaust has spun the turbine it continues into the exhaust piping and out of the vehicle. The turbine uses a series of blades to convert kinetic energy from

8160-457: The twelve months ending 31 December 2020 at 595 Kt (-94 /-13.7% y-o-y). The company plans to reduce total emissions (Direct + Indirect) 50% by 2030 from a 2018 base year and also aims to reach net-zero by 2050. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with

8256-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

8352-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

8448-600: Was a British company that produced turbochargers , primarily for diesel and heavy-duty applications. In 1973 the company was purchased by Cummins after briefly being owned by the Hanson Trust . Holset now operates facilities in China, India, Brazil, the Netherlands, the United Kingdom, and the United States. In 2006, the division officially changed its name to Cummins Turbo Technologies to be identified more closely with its parent company. The turbocharger products still use

8544-595: Was applied for in 1916 by French steam turbine inventor Auguste Rateau , for their intended use on the Renault engines used by French fighter planes. Separately, testing in 1917 by the National Advisory Committee for Aeronautics (NACA) and Sanford Alexander Moss showed that a turbocharger could enable an engine to avoid any power loss (compared with the power produced at sea level) at an altitude of up to 4,250 m (13,944 ft) above sea level. The testing

8640-721: Was conducted at Pikes Peak in the United States using the Liberty L-12 aircraft engine. The first commercial application of a turbocharger was in June 1924 when the first heavy duty turbocharger, model VT402, was delivered from the Baden works of Brown, Boveri & Cie , under the supervision of Alfred Büchi, to SLM, Swiss Locomotive and Machine Works in Winterthur. This was followed very closely in 1925, when Alfred Büchi successfully installed turbochargers on ten-cylinder diesel engines, increasing

8736-650: Was established in 2003. Cummins has built a technical centre in Pune which houses over 2500 engineers, called CTCI (Cummins Technical Centre India). Cummins India has made significant contributions to local skill development by establishing the MKSSS's Cummins College of Engineering for Women , a women-only engineering college in Pune. In 1998, the EPA announced fines totaling $ 83.4 million against Cummins and six other diesel engine manufacturers,

8832-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

8928-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

9024-857: Was not until 1933 that their Model H engine, used in small railroad switchers, proved successful. The Cummins N Series engines became the industry leader in the post-World War II road-building boom in the United States, with more than half of the heavy-duty truck market using Cummins engines from 1952 to 1959. In the 1960s, the company opened an assembly plant in Shotts , Scotland (closed in 1996). By 2013, Cummins had operations in 197 countries and territories. Cummins Engine Business Unit consists of aftermarket support, mid-range, heavy-duty, and high-power engines. Its markets include heavy and medium-duty trucks, buses, recreational vehicles (RV), light-duty automotive, and several industrial uses, including construction, mining, marine, oil, gas, railroad and military equipment. One of

9120-489: Was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore,

9216-417: Was only possible using mechanically-powered superchargers . Use of superchargers began in 1878, when several supercharged two-stroke gas engines were built using a design by Scottish engineer Dugald Clerk . Then in 1885, Gottlieb Daimler patented the technique of using a gear-driven pump to force air into an internal combustion engine. The 1905 patent by Alfred Büchi , a Swiss engineer working at Sulzer

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