Cummins CEO Linebarger on Border Tax, Jobs, China

The transcript discusses the competitiveness of American businesses, particularly Cummins, and their ability to export and create jobs. It highlights the uncertainty around border taxes and policy changes, emphasizing the company's readiness to adapt. The focus is on job creation, leadership responsibilities, and economic challenges. Cummins' strategy includes launching new products and leveraging global markets, with a significant emphasis on China as a key market and partner.

What is one of the key capabilities of Cummins that contributes to its competitiveness?

• Advanced marketing strategies

• Remarkable manufacturing and engineering capabilities

• Extensive retail network

• Innovative financial services

How does the company view the potential impact of border taxes?

• As a minor concern

• As an opportunity to increase profits

• As an open question requiring collaboration with the administration

• As a reason to reduce exports

What is the primary duty of the leader of Cummins according to the transcript?

• To reduce operational costs

• To maximize shareholder profits

• To create high-quality jobs and help stakeholders succeed

• To expand globally at any cost

What was a significant achievement for Cummins despite a drop in sales?

• Reducing workforce

• Increasing stock value and initiating a stock buyback

• Expanding into new markets

• Opening new factories

What is a key component of Cummins' growth strategy for 2017?

• Reducing product lines

• Focusing solely on the US market

• Launching nearly 70 new products annually

• Cutting research and development costs

How does Cummins view its relationship with the Chinese market?

• As a competitor rather than a partner

• As a minor part of its strategy

• As a significant market with strong growth potential

• As a market to exit due to economic slowdowns

What is one challenge mentioned in the transcript that affects Cummins' operations in China?

• Lack of local partnerships

• Rising metal prices

• Strict government regulations

• Decreasing demand for products