STOCK TITAN

Allison Transmission Delivers 2 Millionth 1000/2000 Series Transmission

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

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.

Positive
  • Achievement of 2 million transmissions delivered enhances brand reputation.
  • Recognition as an industry benchmark for reliability and durability since 1998.
Negative
  • None.

INDIANAPOLIS--(BUSINESS WIRE)-- Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, is pleased to announce the delivery of its 2 millionth 1000/2000 Series transmission, a milestone in the company’s history of providing reliable, durable transmissions for light and medium duty commercial vehicles. The transmission was delivered to Penske Truck Leasing, a leading global transportation services provider.

David Graziosi - Allison Transmission CEO, Art Vallely - Penske Truck Leasing COO, Paul Rosa - Penske SVP of Procurement, John Coll - Allison SVP Marketing Sales & Service and Fred Bohley - Allison CFO, celebrate the delivery of Allison Transmission's 2 millionth 1k/2k fully automatic transmission to Penske Truck Leasing. (Photo: Business Wire)

David Graziosi - Allison Transmission CEO, Art Vallely - Penske Truck Leasing COO, Paul Rosa - Penske SVP of Procurement, John Coll - Allison SVP Marketing Sales & Service and Fred Bohley - Allison CFO, celebrate the delivery of Allison Transmission's 2 millionth 1k/2k fully automatic transmission to Penske Truck Leasing. (Photo: Business Wire)

“We are proud to reach this meaningful milestone in the production and delivery of the 1000/2000 Series transmission,” said Rod Luke, Executive Director of Plant 4 1000/2000 Series Production at Allison Transmission. “This accomplishment speaks to Allison’s longstanding commitment to manufacturing high-quality propulsion solutions that are proven to help our fleet customers operate more efficiently and improve the way the world works. Reliability is Allison’s tradition, and our 1000 and 2000 Series product line has been a cornerstone in establishing Allison’s reputation for quality, reliability, and durability since the launch of this product in 1998.”

Allison’s 1000 Series™ and 2000 Series™ can be found everywhere in our communities, from ambulances to school buses, to municipal, and distribution and delivery trucks that support essential businesses and critical infrastructure and support services. The 1000 and 2000 Series products remain the industry benchmark in a market that serves uncompromising end users.

Allison celebrated the delivery of its 2 millionth 1000/2000 Series transmission during an event hosted at the company’s headquarters in Indianapolis. Penske Truck Leasing was in attendance for the celebration to formally accept the milestone unit.

“At Penske, we equip our medium duty commercial vehicles with Allison fully automatic transmissions because of the world class assembly, attention to detail and commitment to excellence. We know we can count on them to operate reliably and maximize productivity for our fleet and our customers,” said Paul Rosa, Senior Vice President of Procurement and Fleet Planning, Penske Truck Leasing. “We’re thrilled to receive Allison’s 2 millionth 1000/2000 Series transmission, and we look forward to our continued partnership.”

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Claire Gregory

Director, Global External Communications

Claire.Gregory@allisontransmission.com

(317) 694-2065

Source: Allison Transmission

ALLISON TRANSMISSION HOLDINGS, INC.

NYSE:ALSN

ALSN Rankings

ALSN Latest News

ALSN Stock Data

9.29B
86.05M
0.52%
99.59%
2.22%
Auto Parts
Motor Vehicle Parts & Accessories
Link
United States of America
Indianapolis