26172--2/26/2010--CUMMINS_INC

related topics
{condition, economic, financial}
{cost, regulation, environmental}
{customer, product, revenue}
{financial, litigation, operation}
{operation, international, foreign}
{product, liability, claim}
{regulation, change, law}
{cost, operation, labor}
{gas, price, oil}
{competitive, industry, competition}
Although the global economy showed mild signs of recovery in late 2009, a further downturn could materially adversely affect our results of operations, financial condition and cash flows again The discovery of any significant problems with our new EPA compliant engine platforms in North America could materially adversely impact our results of operations, financial condition and cash flows We may need to write off significant investments in our new light-duty diesel engine platforms if customer commitments further deteriorate. We are vulnerable to supply shortages from single-sourced suppliers Government regulation could adversely affect our business Greenhouse gas legislation or regulation could adversely affect our business. Our products are exposed to variability in material and commodity costs We are subject to currency exchange rate and other related risks Further deterioration in the North American and European automotive industries could adversely impact our business Significant declines in future financial and stock market conditions could diminish our pension plan asset performance and adversely impact our results of operations, financial condition and cash flows We are exposed to political, economic and other risks that arise from operating a multinational business. Our business is exposed to risks of product liability claims Our products are subject to recall for performance-related issues Our truck manufacturers and OEM customers may not continue to outsource their engine supply needs Our operations are subject to extensive environmental laws and regulations We rely on income from investees that we do not directly control. We face reputational and legal risk from affiliations with foreign joint venture partners Unanticipated changes in our tax provisions, the adoption of new U.S. tax legislation or exposure to additional income tax liabilities could adversely affect our profitability We may be adversely impacted by work stoppages and other labor matters We face significant competition in the markets we serve

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