Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission has secured certification from the California Air Resources Board (CARB) for its eGen Flex™ electric hybrid system, which integrates with Cummins B6.7 and L9 engines. This marks a significant milestone as it is the first certification for the eGen Flex since its introduction in 2020. The system can operate in electric-only mode for up to 10 miles and has shown capability to run engine-off for over 50% of its operational time. Additionally, it boasts a 25% improvement in fuel consumption compared to traditional diesel buses.

Allison Transmission has been selected to supply the propulsion system for the UK’s first hydrogen fuel cell refuse collection vehicle (RCV) for Aberdeen City Council. The integration of the Allison 3000 Series™ transmission with a 250 kW Hyzon electric motor and a 45 kW fuel cell enhances vehicle performance and supports the hydrogen economy in the region. This RCV boasts a range of 155 miles (250 km) and is designed for efficient operation without the need for frequent recharging. It signifies a step forward in sustainable waste collection solutions.

Allison Transmission (NYSE: ALSN) is expanding its defense service network outside North America to enhance service accessibility for tracked defense vehicles. Collaborating with over 1,400 global distributors, the company aims to improve maintenance efficiency for its X1100 and X200 Series transmissions. Seven channel partners in regions like Europe and the Middle East have begun selling defense parts. This initiative is expected to reduce vehicle downtime and costs while addressing the service needs of combat vehicles used worldwide, including those utilized by the U.S. Army.

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.