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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 Holdings Inc. (NYSE: ALSN) has rescheduled its third quarter 2021 financial results conference call to 5:00 p.m. ET on October 27, moving it from the previously scheduled 8:00 a.m. ET on October 28. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. The results will be released post-market on October 27.
The conference call can be accessed via phone or a live webcast. A replay will be available from 8:00 p.m. ET on October 27 until November 3.
Allison Transmission Holdings Inc. (NYSE: ALSN) will hold its third quarter 2021 financial results conference call at 8:00 a.m. ET on Thursday, October 28. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's performance. The financial results will be announced post-market on October 27. A live webcast will be available on their website, with a replay accessible from 11:00 a.m. ET on October 28 until November 4. Allison is a leader in vehicle propulsion solutions, specializing in automatic transmissions for commercial and defense vehicles.
Allison Transmission is advancing the development of electrified transmission technologies for the U.S. Army combat vehicle fleet. This initiative is fueled by increasing government investment in defense electrification, promising benefits such as silent mobility and enhanced survivability. The Next Generation Electrified Transmission aims to power the Army's Optionally Manned Fighting Vehicle (OMFV), with a potential procurement of nearly 4,000 units. Additionally, the Transmission Integral Generator has shown significant testing success and is enhancing the company’s defense applications.
Allison Transmission (NYSE: ALSN) has successfully completed a community service project in Indianapolis, partnering with the Fuller Center for Housing. This initiative involved 170 volunteers contributing over 20,000 hours to help a local family achieve home ownership. In addition to volunteer work, Allison made a $25,000 donation to support this cause. The dedication ceremony took place on October 1, where the family received the keys to their new home. Allison has been collaborating with the Fuller Center since 2010, emphasizing its commitment to community service.
Allison Transmission has partnered with SAIC Hongyan Automotive to integrate the eGen Power 130D electric axle into regional and long haul tractors. This strategic Memorandum of Understanding (MoU) signifies a major step towards electrifying commercial vehicles in China. The eGen Power 130D boasts a continuous power of 424 kW and peak output of 648 kW, designed for 13-tonne rated axles. This collaboration builds on their ongoing relationship, enhancing Allison's position in the market.
Allison Transmission (NYSE: ALSN) has partnered with New Flyer Industries to launch the eGen Flex, a next-generation electric hybrid propulsion solution, starting early 2022. This system can operate in full electric mode for up to 10 miles, enhancing fuel economy by up to 25% compared to conventional diesel buses. The eGen Flex aims to reduce emissions, improve air quality, and lower operating costs by allowing electric operation of accessories, thereby decreasing fuel consumption. Allison has a strong track record, with over 9,000 electric hybrid systems delivered globally, saving more than 305 million gallons of fuel.
Allison Transmission (NYSE: ALSN) announced that Coca-Cola Beverage Company has purchased 70 Hyundai Mighty trucks equipped with its 1000 Series fully automatic transmission in August 2020. The trucks, now operational in Korea, have received excellent performance evaluations from drivers, providing increased comfort and reliability compared to manual options. Allison's 1000 xFE transmission enhances fuel efficiency and reduces maintenance costs, potentially lowering total ownership costs. In its first year, the Hyundai Mighty has captured 40% of the Korean light-duty truck market, with Coca-Cola planning further purchases.
Allison Transmission announced the integration of its 3414 Regional Haul Series™ (RHS) transmission into Daimler Trucks North America's Class 8 Freightliner Cascadia. This new transmission, paired with a DD13 Gen 5 engine, enhances fuel economy by up to 8% and offers 25% faster acceleration compared to automated manual transmissions. Production is set to begin in January 2022. The 3414 RHS is designed for lightness and durability, providing a five-year warranty and reducing downtime due to clutch replacements.
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.