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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 (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.
Allison Transmission Holdings reported net sales of $567 million for Q3 2021, a 7% increase year-over-year. Net income rose to $94 million, with a diluted EPS of $0.89, up 31% year-over-year. The growth is attributed to strong demand in international on-highway markets and improved North America off-highway sales. However, the company faces ongoing global supply chain challenges. Adjusted EBITDA was $189 million, and they expect net sales for 2021 to range from $2,325 to $2,400 million.
Allison Transmission announced the delivery of over 150 King Long compressed natural gas (CNG) city buses to Guadalajara, Mexico. The buses, featuring Allison's fully automatic transmissions, are designed for the city's challenging road conditions. They will help reduce NOx emissions by approximately 10,000 pounds annually, equivalent to 5,000 passenger cars off the road. The move supports the Guadalajara Municipality's initiative for sustainable public transport alternatives with lower operating costs and noise levels compared to diesel vehicles.
Allison Transmission has announced a significant upgrade of FuelSense® 2.0 software to 493 trucks operated by Biffa, a UK waste management company. This upgrade, which follows a successful six-month trial demonstrating up to 9% fuel savings, is projected to cut CO2 emissions by 1.6 million kilograms annually and reduce diesel costs by over £600,000 each year. The financial return on this investment is expected within four months. This order is the largest of its kind in the Europe, Middle East, and Africa region.
Allison Transmission (NYSE: ALSN) announced a strategic investment of ¥264 million CNY (approx. $42 million USD) in Jing-Jin Electric (JJE) as part of JJE's IPO on the Shanghai Stock Exchange. This investment follows a partnership aimed at enhancing electric vehicle propulsion systems. Allison's CEO, David Graziosi, emphasized the importance of this investment in supporting the commercial electric vehicle sector. JJE's Chairman expressed confidence in the collaboration, which seeks to innovate electric propulsion solutions for global commercial vehicle manufacturers.
Allison Transmission has partnered with Zhongtong Bus Holding Co., Ltd. to deliver 211 compressed natural gas (CNG) city buses equipped with Allison T270R transmissions to Yerevan, Armenia. This initiative aims to enhance public transportation by providing greener, quieter, and more efficient travel solutions. The new buses feature advanced technology for improved fuel economy and reduced emissions, designed specifically for urban traffic challenges. This long-standing partnership highlights Allison's commitment to innovation and sustainability in vehicle propulsion.