Cummins, Accuride Decline as Truck Orders Shrink: Detroit Mover
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Cummins Inc., a maker of heavy-truck engines, and Accuride Corp., a truck-parts manufacturer, fell as the companies backed off 2012 financial forecasts amid slowing demand for the vehicles.
Shares of Cummins slid 3.4 percent to $87.79 at the close in New York, for the biggest daily decline since July 11. Accuride dropped 30 percent to $3.17, the most since March 2010 when trading began after the company exited bankruptcy.