Welcome to our dedicated page for Allison Transmission Hldgs news (Ticker: ALSN), a resource for investors and traders seeking the latest updates and insights on Allison Transmission Hldgs stock.
Allison Transmission Holdings Inc (ALSN) generates news across multiple commercial vehicle segments, from defense contracts and municipal fleet orders to hybrid-propulsion system deployments and manufacturing expansion announcements. As the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, the company's developments influence transit agencies, construction fleets, refuse haulers, and defense procurement programs worldwide.
This news feed tracks Allison's business developments across its core revenue streams: transmission sales to original equipment manufacturers, aftermarket parts distribution, and hybrid system deployments in public transit. Coverage includes government contract awards for military vehicle transmissions, new product introductions for commercial applications, quarterly earnings reports detailing segment performance, and expansion of the company's global manufacturing and distribution network.
Investors monitoring ALSN follow news related to commercial vehicle production cycles, infrastructure spending that drives demand for construction and municipal equipment, transit agency funding for bus purchases, and defense budgets affecting military procurement. Product announcements showcasing new transmission models paired with truck manufacturers, hybrid-propulsion system adoptions by transit agencies, and international market expansion provide insights into the company's competitive positioning across its diverse application segments.
Track Allison Transmission news to monitor quarterly dividend declarations, material events through SEC filings, strategic acquisitions expanding product capabilities, and partnerships with vehicle manufacturers integrating Allison transmissions into new platforms. The company's global presence means developments in North American refuse markets, European emission regulations, Asian infrastructure projects, and defense programs all generate material news affecting the business outlook.
Allison Transmission has announced the integration of its 3414 Regional Haul Series™ transmission into Volvo's VNL trucks, marking a significant advancement in their heavy-duty vehicle offerings. This fully automatic transmission promises improved fuel economy of up to 8%, faster acceleration by 25%, and is the lightest in its class. The strategic partnership with Volvo is expected to generate a $100 million growth opportunity in annual revenue. The 3414 RHS is a drop-in solution for existing models and comes with a robust warranty of five years or 750,000 miles.
Michael Dick, Senior VP of Operations & Purchasing at Allison Transmission (NYSE: ALSN), announced his retirement effective March 11, 2022. Dick contributed significantly to manufacturing efficiencies and operational excellence during his 15-year tenure. Rafael Basso will take over as VP of Operations following Dick's retirement, while Teresa van Niekerk remains VP of Purchasing and Supplier Quality. Both Basso and van Niekerk are long-serving employees, with Basso having 22 years at Allison and van Niekerk 9 years. The transition aims to maintain Allison's operational success and leadership in vehicle propulsion solutions.
Allison Transmission Holdings (NYSE: ALSN) will hold its fourth quarter and full year 2021 financial results conference call on February 16 at 5:00 p.m. ET. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. A press release with financial results will be issued after market close on the same day. A live webcast will be available on the company's investor relations page, with a replay accessible from February 16 to February 23. Allison specializes in vehicle propulsion solutions for various commercial and defense vehicles.
Allison Transmission, a leader in vehicle propulsion solutions, has announced a $15 million investment in Autotech Ventures, a venture capital firm focused on transport technology startups. This partnership aims to enhance Allison’s innovation in propulsion solutions and provide access to emerging technologies in connectivity, autonomy, and electrification. The collaboration will support Allison's strategy to diversify its portfolio and remain competitive in the rapidly evolving commercial vehicle industry, leveraging Autotech's expertise in tech scouting and market intelligence.
Allison Transmission has achieved a significant milestone by delivering its 2 millionth 1000/2000 Series transmission to Penske Truck Leasing. This delivery showcases Allison's commitment to producing reliable and durable transmission solutions for light and medium-duty vehicles since the product line's introduction in 1998. The 1000/2000 Series remains an industry benchmark, utilized across various essential services, including ambulances and delivery trucks. The milestone was celebrated during an event at Allison's Indianapolis headquarters, enhancing its partnership with Penske.
Allison Transmission has been selected by the Israeli Ministry of Defense to provide the 4800 Specialty Series™ fully automatic transmissions for Israel's Eitan Armored Fighting Vehicle (AFV). This model will replace aging M113 personnel carriers. The initial production order was received in September 2021, with deliveries ongoing for several years. The 4800 SP also serves various 8 x 8 wheeled armored combat vehicles worldwide. This selection underscores the innovation of the Israeli Defense Force and Allison’s commitment to advanced vehicle propulsion solutions.
Allison Transmission (NYSE: ALSN) has entered a three-year partnership with Team de Rooy to develop electric trucks for motorsport competitions, including the Dakar Rally. Testing will start in early 2022, with the electric truck debuting in January 2023. The trucks will feature Allison's 4000 Series™ fully automatic transmissions, designed for durability and performance under extreme conditions. This collaboration aims to enhance fuel economy and reduce emissions, showcasing Allison's commitment to electrification in vehicle propulsion.
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