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. reports news on high-performance mobility and work solutions for commercial, off-highway and defense applications. The company manufactures fully automatic transmissions and related drive and motion systems used across transportation, infrastructure, mining, energy, agriculture, construction and national security markets.
Recurring Allison news includes quarterly and annual earnings, demand by end market, dividend and share-repurchase actions, product integrations with commercial vehicle manufacturers, and updates tied to its Allison Transmission and Allison Off-Highway Drive & Motion Systems business units. Following the completed acquisition of Dana's Off-Highway business, company updates also address integration, segment reporting and the expanded off-highway product portfolio.
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.
Summary not available.
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.
Summary not available.
Summary not available.
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.
Allison Transmission announces its 2500 Rugged Duty Series (RDS) and 2550 RDS transmissions are integrated into Isuzu's new F-Series trucks. The Class 6 and Class 7 trucks are now in serial production featuring Allison's exclusive automatic transmissions. This partnership aims to enhance performance and fuel efficiency, particularly in urban settings. Both models utilize Cummins B6.7 engines and are designed for greater maneuverability and cargo capacity. The trucks are available through Isuzu’s dealership network starting October.
Allison Transmission has been chosen to provide its 3000 Specialty Series™ transmission for the U.S. Marine Corps Advanced Reconnaissance Vehicle (ARV) prototypes. Both Textron Systems and General Dynamics Land Systems are set to develop these prototypes, which may lead to a production of approximately 500 vehicles over five years. The ARV will prioritize maneuverability in challenging terrains and environments. Additionally, BAE Systems is collaborating to adapt its Amphibious Combat Vehicle for this initiative, which also utilizes an Allison transmission.
Allison Transmission has successfully installed a new e-Axle production assembly line at its Auburn Hills, Michigan facility. This facility will manufacture the eGen Power™ series of electric axles, featuring advanced automated assembly technology. The production line aims to boost output of pilot builds as Allison expands its electric axle capabilities. The investment also includes enhanced testing protocols to ensure each product meets performance standards. The site will produce various models tailored for heavy-duty and medium-duty vehicles, targeting both North American and international markets.
Allison Transmission (NYSE: ALSN) has announced a cash dividend of $0.19 per share, payable on November 30, 2021, to shareholders recorded by November 22, 2021. The Board of Directors will determine future dividends based on the company’s financial health, operational results, and cash flow considerations.
Allison is a leader in vehicle propulsion solutions, servicing various sectors including commercial and defense vehicles, with a strong global presence.