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. (NYSE: ALSN) generates a steady flow of news tied to its role as a designer and manufacturer of propulsion solutions for commercial and defense vehicles and as the largest global manufacturer of medium- and heavy-duty fully automatic transmissions. The ALSN news page on Stock Titan aggregates company announcements, market updates and regulatory disclosures so readers can follow developments that affect Allison Transmission stock and its operations.
Recent press releases highlight several key themes in Allison’s news flow. Strategic transactions feature prominently, including the completed acquisition of Dana Incorporated’s Off-Highway Drive & Motion Systems business, which the company describes as creating a broader platform for commercial duty mobility and work solutions across infrastructure, mining, energy, agriculture, construction, transportation and national security. Financing activities, such as the pricing and issuance of senior notes and amendments to credit facilities, are also covered, providing insight into how Allison funds acquisitions and other corporate purposes.
Operational and market updates are another important category of ALSN news. Earnings releases discuss segment-level performance across end markets like North America On-Highway, Global Off-Highway and Defense, while separate announcements describe growth initiatives in regions such as India, where Allison is expanding its presence in defense, mining and energy applications. Defense-focused releases detail contracts and partnerships related to cross-drive transmissions for tracked vehicles and the expansion of authorized service networks to support military fleets.
Investors and industry followers can use the Allison Transmission news feed to monitor dividends, capital allocation decisions, international partnerships, defense contracts and integration progress related to acquisitions. By reviewing these updates in one place, readers gain context on how Allison’s strategic moves, regional initiatives and financial decisions may influence ALSN stock and the company’s position in commercial and defense propulsion markets over time.
Allison Transmission (NYSE: ALSN) and Jing-Jin Electric (JJE) have entered into a strategic collaboration to enhance the development of electrified powertrain solutions for global commercial vehicles. This partnership aims to merge JJE's expertise in electric motors and Allison's experience in electric hybrid systems to create innovative propulsion solutions. The collaboration includes debt financing from Allison to support JJE's North American product development initiatives. Both companies seek to address the growing demand for efficient electrified propulsion in the commercial vehicle market.
Allison Transmission has signed an asset purchase agreement to acquire the off-highway transmission portfolio and component machining business of India-based AVTEC Ltd for approximately $27 million. This strategic acquisition aims to enhance Allison's market presence in both India and global markets by integrating AVTEC's capabilities into its Chennai manufacturing plant. The acquisition is expected to close by the end of 2021 but will not materially impact Allison's current fiscal year earnings, as stated by the company.
Allison Transmission (NYSE: ALSN) will host a virtual Technology Day on October 6, 2021, at 10:00 AM ET. The event will highlight the company's commitment to innovation and discuss strategies for its conventional and electrified vehicle propulsion solutions. Key topics include opportunities in the commercial EV sector, differentiated EV technology, and global market trends. Presentations will be led by various executives, followed by a live Q&A. For registration, visit here.
Allison Transmission (NYSE: ALSN) has expanded its Vehicle Environmental Test Center, now known as the Vehicle Electrification and Environmental Test Center (VE+ET). Located in Indianapolis, this facility is the only one of its kind in the Midwest, offering unique capabilities for vehicle electrification testing. The center supports the development of electric vehicle technologies and can simulate various environmental conditions. Recent enhancements include a focus on larger battery electric vehicle testing, up to 900 volts DC, and commercial fast charging capabilities at 150 kilowatts.
Allison Transmission (NYSE: ALSN) has partnered with Hino Trucks to develop e-Axles for Class 6, 7, and 8 Battery Electric Vehicle (BEV) trucks, formalized through a Joint Collaboration Agreement. This partnership builds on their existing relationship in conventional transmission solutions. The eGen Power 100S will be first integrated into Hino's trucks, enhancing their electric vehicle offerings. The eGen Power product line is designed for high reliability and efficiency, boosting Allison's presence in the commercial vehicle market.
Allison Transmission has unveiled its new eGen Power 100S and 130D e-Axles, enhancing its electric propulsion portfolio for medium and heavy-duty vehicles. The eGen Power 100S features a single motor generating 212 kilowatts continuously, while the 130D variant targets European and Asia Pacific markets with a 13-tonne axle rating. Both models aim to meet diverse market needs, integrating advanced technology like a two-speed gearbox and regenerative braking. These products promise maintenance-free operation, enhancing total cost of ownership.
Allison Transmission (NYSE: ALSN) announces the integration of its H 40 EP™ electric hybrid propulsion system into San Francisco's Muni buses, in collaboration with ElDorado National. This system is designed to reduce diesel fuel consumption by up to 25% and lower CO2 emissions. SFMTA has contracted ElDorado for 30 hybrid buses equipped with this technology, expected for delivery in Q2 2022. Allison has already deployed over 9,000 hybrid propulsion systems globally, saving significant fuel and reducing carbon emissions over 2.9 billion miles of operation.
Allison Transmission Holdings (NYSE: ALSN) has declared a cash dividend of $0.19 per share for Q3 2021, payable on August 27, 2021 to stockholders on record as of August 16, 2021. Future dividends will be determined by the Board based on the company's financial health, cash flow, and other relevant factors. Allison specializes in automatic transmissions and electrified propulsion systems, serving diverse applications in commercial and defense vehicles across over 150 countries.
Allison Transmission has appointed JK Pareek as the new Vice President of Information Systems and Services (IS&S) and Chief Information Officer. Pareek will spearhead the development and implementation of IT strategies aligned with business objectives while ensuring security and optimal ROI. He previously served as CIO for Nidec Motor Corporation and has extensive IT leadership experience at SunEdison, MEMC, and Texas Instruments. Allison Transmission, a leader in vehicle propulsion solutions, operates globally with facilities in the USA, Hungary, and India.
Allison Transmission Holdings reported a 60% increase in net sales for Q2 2021, totaling $603 million, driven by a recovery in customer demand across various markets. North America On-Highway sales rose by 84%, while Outside North America On-Highway saw a 63% increase. Net income surged to $110 million with diluted EPS at $1.01. Adjusted EBITDA reached $213 million, up 85% year-over-year. The company reaffirmed its full-year guidance amid ongoing global supply challenges. Share repurchases amounted to $130 million, representing 3% of outstanding shares.