Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission Holdings Inc. (NYSE: ALSN) will host its first quarter 2022 financial results conference call on April 27, 2022, at 5:00 p.m. ET. The call will feature CEO David S. Graziosi and CFO G. Frederick Bohley discussing the company's financial performance. An earnings release will be published post-market the same day. The conference call can be accessed via phone or live webcast, with replay options available until May 4, 2022. Allison Transmission, established in 1915, is a global leader in vehicle propulsion solutions, operating in over 150 countries.

Allison Transmission (NYSE: ALSN) announced a partnership with Bell Equipment Group Services to integrate its TerraTran™ fully automatic transmission into Bell’s next generation articulated dump trucks. The TerraTran is based on Allison’s 4000 Series™ and designed for off-highway applications, featuring up to 800 horsepower and 3200 newton meters of torque. This collaboration aims to enhance drivability and efficiency in challenging conditions. With over 25 years of partnership, both companies focus on innovation and reliability in vehicle propulsion solutions.

Allison Transmission has finalized the acquisition of AVTEC Ltd.'s off-highway transmission and component machining businesses for $23 million in cash. This strategic move, first announced on September 16, 2021, aims to enhance Allison's portfolio in India's off-highway segment and improve performance reliability. AVTEC, part of the CK Birla Group, is a major player in powertrain products in India. The integration will occur at Allison's Chennai facility, boosting production efficiency.

Allison Transmission (NYSE: ALSN) announces the shipment of wide body mining dump trucks equipped with its 4800 Off Road Series™ (ORS) fully automatic transmissions to Colombia. This collaboration with LiuGong enhances Allison's market share in the global mining dump truck sector, potentially adding over $50 million in annual revenue. The trucks, designed for heavy-duty operations, provide efficiency and reliability in challenging conditions, indicating strong demand for Allison's innovative transmission technology.

Allison Transmission announces that its 3000 Rugged Duty Series™ transmission is now available for order in Mack MD Series trucks, enhancing options for heavier-duty applications. This transmission allows a Gross Vehicle Weight Rating of 33,000 pounds and a Gross Combined Vehicle Weight Rating of 45,000 pounds, expanding the addressable market by approximately 25,000 vehicles annually. Production for these models is set to begin in July 2022. This move strengthens Allison's partnership with Mack Trucks and enhances their offerings in the medium-duty vehicle market.

Allison Transmission (NYSE: ALSN) announced the integration of uprate variants from its 1000 Series™ and 2000 Series™ transmissions into Freightliner Custom Chassis Corporation's new MT walk-in van chassis, powered by the GM 6.6L engine. This collaboration features Allison’s next-generation electronic controls platform, promising advanced functionality, safety, and efficiency. The new powertrain will deliver up to 380 hp and 465 lb-ft of torque, enhancing productivity and fuel economy. Production is expected to commence later this month, underpinned by a five-year warranty offering for customers.

Allison Transmission has announced that Hino Trucks has completed vehicle integration and started testing the eGen Power 100D electric axle in its XL series heavy-duty battery electric vehicles (BEVs). This collaboration aims to bring highly differentiated fully electric trucks to the market, with Hino selecting Allison's axle for its advanced features and performance. The eGen Power 100D offers high continuous power and efficiency, supporting a gross axle weight rating of 10.4 tonnes. The testing is part of their joint efforts to advance electrification in heavy-duty vehicles.

Allison Transmission has launched the Innovation Center, a 96,000-square-foot facility in Indianapolis aimed at advancing commercial vehicle propulsion. This center will enhance product and technology development, consolidating approximately 300 employees from multiple locations to foster collaboration. CEO Dave Graziosi highlighted its role in sustainability within the industry. The facility complements Allison's existing Vehicle Electrification and Environmental Test Center, reinforcing its commitment to innovation. Over its 100-year history, Allison aims to continue leading in propulsion solutions.

Allison Transmission has announced a significant order from Heishan Fleet for over 100 Tonly wide body mining dump trucks, equipped with Allison 4800 Off Road Series™ transmissions. This order is expected to generate more than $50 million in annual revenue. The trucks are reported to increase productivity by 10% and reduce maintenance costs. Heishan's Vice General Manager, Jin Hongxin, noted that the trucks enable substantial operational efficiency in harsh mining environments. Allison aims to strengthen its position in the global mining truck market through this partnership.