Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Ventures, the venture capital arm of Allison Transmission, has made a strategic investment in Agtonomy, a software and services company specializing in AI-enabled automation for agriculture and land maintenance. Founded in 2021, Agtonomy integrates its technology into tractors and equipment, creating digitally controlled systems that prioritize safety, profitability, and sustainability.

Agtonomy's innovative teleguidance application allows a single user to monitor and control a fleet, reducing labor costs and increasing productivity for farmers. The investment will help Agtonomy expand its pilot program geographically and across more vehicle platforms. This partnership aligns with Allison's investment goals and commitment to fostering innovation in strategic domains.

Allison Transmission has announced an uprate to its B400 and B3400 xFE fully automatic transmissions, including retarder models. The uprated versions will now support ratings up to 350 horsepower and 1,150 ft. lbs. of torque, enabling non-articulated bus fleets to continue using these transmissions as the industry transitions to the Cummins X10 engine for EPA27 Phase 3 emissions compliance.

This announcement follows a recent collaboration between Allison Transmission and Cummins to integrate and certify a Cummins B-Series engine with Allison's eGen Flex® electric hybrid propulsion system. The partnership aims to deliver advanced solutions for the transit market for model year 2027 and beyond, demonstrating both companies' commitment to innovation and environmental responsibility.

Allison Transmission Holdings Inc. (NYSE: ALSN) has announced its third quarter 2024 financial results conference call, scheduled for Tuesday, October 29, 2024, at 5:00 p.m. EDT. The company's Chair & CEO, David S. Graziosi, and COO, CFO & Treasurer, G. Frederick Bohley, will review the financial performance for the period.

The earnings release will be issued after market close on the same day. Investors can join the call via phone (+1-877-425-9470 for US, +1-201-389-0878 for international) or watch the live webcast on the company's investor relations website. A replay will be available from 9:00 p.m. EDT on October 29 until November 12, accessible by phone (+1-844-512-2921 for US, +1-412-317-6671 for international) using passcode 13749295.

Allison Transmission and LiuGong, a leading global construction equipment manufacturer, have strengthened their strategic partnership by signing a Memorandum of Understanding (MOU) in Balikpapan, Indonesia. The agreement was part of a customer ride-and-drive event featuring LiuGong's new 70-ton DW105A Wide Body Dump Truck equipped with Allison's 4800 Wide Body Dump Series™ (WBD) transmission.

The event, attended by over 200 customers and partners, showcased the capabilities of the new truck designed for challenging mining environments. This collaboration aims to serve the growing Indonesian mining industry and expand globally. The partnership highlights both companies' commitment to delivering innovative solutions for the mining sector.

Allison Transmission has integrated its 4000 Series™ transmission into a Class 8 hydrogen-fueled truck showcased at SAE International's COMVEC. The vehicle, developed by Southwest Research Institute (SwRI), demonstrates emissions control surpassing upcoming EPA/CARB 2027 and Euro 7 standards. Allison's fuel-agnostic transmissions offer optimal integration with various fuel sources, including hydrogen, enhancing sustainability without compromising performance.

The truck is part of SwRI's H2-ICE Consortium, aiming to demonstrate the potential of hydrogen-fueled internal combustion engines for decarbonizing transportation. These vehicles achieve a 99.7% reduction in CO2 emissions compared to diesel engines, qualifying as Zero CO2 Emissions Vehicles under future U.S. and European standards.

Allison Transmission has announced a collaboration with Cummins Inc. to integrate and certify a Cummins B-Series engine with Allison's eGen Flex® electric hybrid propulsion system for the transit market. This partnership aims to meet the EPA's 2027 emissions standards for heavy-duty vehicles. The eGen Flex system can operate up to 50% of a bus's typical route in engine-off mode, reducing emissions in urban areas. It uses geofencing technology to activate electric-only mode in predefined zones, eliminating engine emissions and noise during passenger loading and in dense pedestrian areas. This collaboration reinforces Allison's commitment to sustainable transportation solutions.

Allison Transmission announces that Cummins Inc. has chosen its Vehicle Electrification + Environmental Test Center for comprehensive testing of trucks equipped with Cummins powertrains. The 60,000-square-foot facility, unique in the Midwest, offers year-round testing in a controlled environment for vehicles powered by various fuel types, including diesel, gasoline, natural gas, hydrogen, and battery electric systems.

The center's advanced capabilities allow for simulation of real-world conditions, helping OEMs and suppliers reduce product development and validation timelines. Its controlled thermal environments and dynamometer road simulations can replicate diverse duty cycles, enhancing result reliability and reducing costs compared to on-road testing.

Allison Transmission announces the successful deployment of its 4000 Series™ fully automatic transmission in a Hyundai Xcient hydrogen fuel cell truck by GLS Germany. The truck has covered 30,000 kilometers and delivered over 100,000 packages since late 2023 in the Cologne area and on long-distance routes. The vehicle, powered by a 180-kilowatt hydrogen fuel cell system, can transport up to 1,300 parcels per trip. GLS operators praise the truck's agility, quiet operation, and precise maneuvering. Allison's torque converter technology allows for a smaller, more efficient drive motor, maximizing range and reducing costs. This integration showcases Allison's commitment to eco-conscious transportation solutions and its ability to adapt to various fuel types.

Allison Transmission Holdings (NYSE: ALSN) has announced a quarterly dividend of $0.25 per share on its common stock for the third quarter of 2024. The dividend will be paid on August 30, 2024, to stockholders of record as of the close of business on August 19, 2024. The company's Board of Directors will determine future dividend payments based on various factors, including Allison's financial position, results of operations, available cash, cash flow, and capital requirements.