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Cummins Inc. CMI, +0.44% and Navistar International Corp. NAV, announced Wednesday a partnership to develop a heavy Class 8 truck powered by hydrogen fuel cells. The engine and engine parts makers said the project will be partly funded through an award from the U.S. Department of Energy, as part of an initiative to develop affordable hydrogen production, storage, distribution and use. “This vehicle will feature our next generation fuel cell configuration and provides a springboard for us to advance our hydrogen technology for line haul trucks,” said Amy Davis, president of New Power at Cummins. Shares of Cummins fell 0.6% in morning trading and Navistar slipped 0.1%. Year to date, however, Cummins stock has run up 29.9% and Navistar shares have soared 51.5%, while the S&P 500 SPX, 0.77% has gained 10.2%.
