Just on BMC of Turkey, whats driving their business – buoyant domestic demand?
HF: Yes, they are doing well domestically and the Turkish economy is quite solid but they are also exporting more. BMC is striking out into parts of Europe, Africa the Middle East, and that’s new business for them and for us as well. This is buses and trucks. DL: What are the most important emerging markets for Cummins? HF: We have been focussing on the so-called BRIC – Brazil, Russia, India and China – economies for a lot longer than many others in our industry so we have an awful lot going on in those four places, lots of joint ventures in China, lots in India – we announced one in Russia with Kamaz not so long ago. And we’ve been in Brazil a while. To come back to the area I am directly responsible for, Turkey is a particularly interesting one. Not only is it a good market in itself, but also a lot of people are moving into Turkey to build trucks and buses. There are also local manufacturers in Turkey looking to export. There’s a lot of action there. DL: Is the Beijing-Foton partner
