STOCK TITAN

Allison Transmission Holdings Inc - ALSN STOCK NEWS

Welcome to our dedicated news page for Allison Transmission Holdings (Ticker: ALSN), a resource for investors and traders seeking the latest updates and insights on Allison Transmission Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allison Transmission Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allison Transmission Holdings's position in the market.

Rhea-AI Summary
Allison Transmission and Yutong Bus Co., are expanding their presence in Rwanda with the delivery of city transit buses equipped with Allison Torqmatic® Series transmissions. The collaboration aims to meet the unique demands of city buses, providing reliability, fuel efficiency, performance, and value to customers. Allison is also enhancing its global service network by introducing an authorized service location in Rwanda, reinforcing its commitment to customer support and market growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
-
Rhea-AI Summary
Allison Transmission, in partnership with New Flyer, announces the selection of Allison-equipped electric hybrid buses by the New Orleans Regional Transit Authority. The buses feature the Allison eGen Flex electric hybrid propulsion system, providing a sustainable transportation solution. The system's rechargeable energy storage capabilities support the city's emergency preparedness plans. The eGen Flex system allows buses to operate up to 50% of a route in engine-off mode, reducing emissions and noise in zero-emission zones.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
none
-
Rhea-AI Summary
Allison Transmission announces successful entry into the Brazilian agriculture sprayer market with KS Pulverizadores showcasing the first Allison-equipped ag sprayer at a tradeshow in Brazil. The partnership aims to improve vehicle performance and productivity with Allison's fully automatic transmissions, marking a strategic milestone in the company's growth initiatives outside North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
none
Rhea-AI Summary
Allison Transmission Holdings Inc. (ALSN) announced that its subsidiary entered into a credit agreement amendment, increasing commitments to $750 million, extending maturity dates, refinancing term loan debt, and reducing effective interest rates. The company aims to manage its balance sheet prudently and enhance capital market opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
none
-
Rhea-AI Summary
Allison Transmission Holdings Inc. (ALSN) increases its quarterly dividend from $0.23 to $0.25 per share for the first quarter of 2024. The Board of Directors shows commitment to prudent balance sheet management and capital allocation, supported by the Company's strong financial performance. The 2024 annual meeting of stockholders is scheduled for May 8.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.54%
Tags
dividends
-
Rhea-AI Summary
Allison Transmission's venture capital arm, Allison Ventures, has made a strategic investment in Niron Magnetics, a company specializing in sustainable non-rare earth permanent magnets. This investment aims to address the global demand and supply risks of rare-earth elements for electric vehicle motors and other critical applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
none
Rhea-AI Summary
Allison Transmission Holdings Inc. (ALSN) reports record full-year net sales of $3.04 billion, up 10% from 2022, and a record full-year diluted EPS of $7.40, up 34% from 2022. The company also achieved record fourth-quarter net sales of $775 million, up 8% year over year, and a fourth-quarter diluted EPS of $1.91, up 26% year over year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.91%
Tags
earnings
-
Rhea-AI Summary
Allison Transmission announces a leading global logistics and delivery company will add Freightliner Cascadia compressed natural gas (CNG) day cab tractors equipped with the Allison 3414 Regional Haul Series™ (RHS) transmission to its fleet of 18,000 tractors. The 3414 RHS offers a variety of benefits including patented torque converter technology, which ensures vehicles using alternative fuel solutions maintain performance standards while reducing CO2 emissions. Allison’s conventional transmissions are fuel agnostic, offering easy integration with any fuel source, delivering durability and reliable performance to strengthen sustainability initiatives without sacrificing fleet productivity and efficiency. The Allison 3414 RHS offers up to 8% fuel economy improvement over the 3000 Highway Series™ transmission and provides 25% faster acceleration when compared to competitive automated manual transmissions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
none
-
Rhea-AI Summary
Allison Transmission partners with Volare, Brazil's leading minibus manufacturer, to equip South America's first school buses with fully automatic transmissions. Brazil’s National Fund for Educational Development (FNDE) recently announced grants to finance 320 new buses equipped with Allison Torqmatic™ Series transmissions as part of its School Path Program, providing public school students with safer and more reliable transportation. The collaboration aims to revolutionize school transportation in Brazil, particularly in rural areas with challenging road conditions. The partnership demonstrates Allison's commitment to addressing the needs of the Brazilian market and showcasing adaptability and dedication to providing efficient and reliable propulsion solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
partnership
Rhea-AI Summary
Allison Transmission announced the launch of Allison Ventures, a strategic investment initiative to partner with start-up and growth-stage companies in the commercial-duty mobility and work solutions sector. The venture aims to advance Allison's global strategy in the mobility market, focusing on technologies related to connectivity, digitization, automation, sustainability, electrification, manufacturing, and operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
none
Allison Transmission Holdings Inc

NYSE:ALSN

ALSN Rankings

ALSN Stock Data

7.26B
100.94M
0.53%
100.96%
1.09%
Heavy Duty Truck Manufacturing
Manufacturing
Link
US
Indianapolis

About ALSN

allison transmission (nyse: alsn) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, and is a leader in hybrid-propulsion systems for city buses. allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. founded in 1915, the company is headquartered in indianapolis, indiana, usa and employs approximately 2,700 people worldwide. with a market presence in more than 80 countries, allison has regional headquarters in the netherlands, china and brazil with manufacturing facilities in the u.s., hungary and india. allison also has approximately 1,400 independent distributor and dealer locations worldwide. for more information, visit allisontransmission.com.