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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.

News
Allison Ventures Announces Strategic Investment in Niron Magnetics
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
-
News
Allison Transmission Announces Record Fourth Quarter and Full Year 2023 Results
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
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News
Allison Transmission’s 3414 Regional Haul Series™ Selected by One of the World’s Largest Logistics Companies for Natural Gas-Powered Fleet
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%
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none
News
Allison Transmission Partners with Volare to Introduce South America’s First School Buses Equipped with Fully Automatic Transmissions
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
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News
Allison Transmission to Drive Innovation with New Venture Capital Arm
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
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News
Allison to Provide e-Axles to Oshkosh Corporation for North America’s First Fully Integrated, Zero-Emission Electric Refuse Collection Vehicle
Rhea-AI Summary
Allison Transmission has been selected by Oshkosh Corporation as its electric axle supplier for North America’s first fully integrated, zero-emission electric refuse collection vehicle. The Allison eGen Power® 100S e-Axle has been successfully integrated into the McNeilus® Volterra™ ZSL™ electric refuse vehicle, designed to minimize environmental impact and reduce noise in communities worldwide. Oshkosh recognized the performance, packaging efficiency, reliability, durability, and customer support of Allison's eGen Power 100S architecture, which will extend the range of the electric refuse collection vehicle. This collaboration marks the first time the eGen Power electric axles will be implemented into a vehicle serving refuse collection applications, showcasing Allison's ability to deliver innovative propulsion solutions for various electric applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
News
Allison Transmission Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call
Rhea-AI Summary
Allison Transmission Holdings Inc. (ALSN) will hold its fourth quarter and full year 2023 financial results conference call on February 13, 2024. The company's Chairman and CEO, David S. Graziosi, along with G. Frederick Bohley, CFO and Treasurer, will review the financial performance. The news release will be issued post-market on the same day. A live webcast and replay will be available for those unable to participate in the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
earnings
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News
Allison Transmission Forms Strategic Partnership with SANY to Provide Transmissions for Mining Vehicles
Rhea-AI Summary
Allison Transmission has announced a strategic partnership agreement with SANY, a global heavy equipment manufacturer for the mining and construction markets. Allison will supply its family of Off Road Series™ (ORS) and Wide Body Dump Series™ (WBD) transmissions for integration into SANY's lineup of mining vehicles, including the next-generation SANY SKT105 wide body mining dump (WBMD) truck, rigid dump trucks, and articulated dump trucks (ADT). This partnership aims to enhance productivity and maneuverability in severe duty-cycles and harsh mining conditions, driving significant global market share gains for Allison.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
partnership
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News
Allison Transmission Awarded $83.3 Million Contract to Support U.S. Army Abrams Tank Modernization and Tank Production for Abrams User Nations
Rhea-AI Summary
Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, has received an $83.3 million contract to provide upgraded and new X1100 transmissions supporting Abrams Main Battle Tank variants used by the U.S. Army and Foreign Military Sales customers. The company will deliver the transmissions throughout 2024 to meet the performance demands of the Abrams tank. This contract continues the Allison long-term relationship built on quality, reliability, and commitment to the warfighter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
none
News
Allison Transmission Announces Ratification of New Labor Agreement with the UAW
Rhea-AI Summary
Allison Transmission has ratified a new collective bargaining agreement with UAW Local 933, covering 1600 employees in Indianapolis, Indiana. The four-year contract expires on November 14, 2027, reflecting the company's commitment to employee well-being and future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
none
Stock ALSN logo
Allison Transmission Holdings Inc

NYSE:ALSN

ALSN Rankings

#1040 Ranked by Market Cap
#825 Ranked by Stock Gains
#1679 Ranked by Dividends

ALSN Stock Data

7.03B
100.95M
0.52%
100.2%
1.13%
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.