I think maybe that was a metaphor. Like you are owned!

I have that information archived from a long dead link:

http://www.cummins.com/news/be­nefit.html

Pertinent information selectively cut and pasted.

<begin quoted text>

COLUMBUS, Ind. (Jan. 3, 1997)

REPURCHASE OF 3 MILLION SHARES ALSO AUTHORIZED BY COMPANY - SHARES
REPURCHASED
FROM FORD MOTOR COMPANY - KENNETH DABROWSKI RESIGNS FROM BOARD.

The company also announced that it has repurchased 1.3 million shares of its
common stock from Ford Motor Company and has authorized the repurchase of an
additional 1.7 million shares in the open market. In accordance with the
terms
of the company's 1990 investment agreement with Ford, Kenneth R. Dabrowski,
a
Ford vice president who has recently served on the Cummins Board of
Directors
under the terms of the investment agreement has resigned, effective with the
repurchase. Following the repurchase from Ford, the company has
approximately
38.2 million shares outstanding.

<end quoted text>

I also have the most recent information from Cummins.com

http://www.cummins.com/cmi/content.jsp?siteId=1&langId=1033&menuId=6&overviewId=
29&anchorId=44&menuIndex=4&index=3

     When will Ford get the B Series engine for their pickups?
     Currently, the Dodge/Cummins and the Ford/Navistar agreements are set
for the next several years. No announcements have been published, by either
company, to change engine suppliers.

     Does Ford own Cummins?
     No, Ford does not own any part of Cummins Inc.

I remember back a few years ago, just prior to the repurchasing of Ford's stock
in Cummins, that the contract with Dodge and Cummins to put the I6 in the 2500
and 3500's was about to expire.  Time went on and finally there was an
announcement the Dodge extended it's contract with Cummins to continue with the
agreements.  Ford, in the meantime, tried to acquire a contract with Cummins
for the same engine.  Cummins went with Dodge and Ford decided to sell it's
shares of Cummins stock.

Now, that's just what I remember reading about 5 or 6 years ago...
"Scuttle-butt", maybe.
G. Hedlund
Zip: 92404
Researching: Hedlund, Anderson, Nyrén, Jansson,
Heggi, Laszlo, Tako, Taney, Luchinger, Toensing,
and Haufle.

Cummins owns Cummins. However, Cummins also owns DAF, the Dutch truck and
engine manufacturer.
Steve

FORD Does NOT and NEVER did OWN Cummins !!!!! That's a MYTH !!!!!