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Allison Transmission Holdings, Inc. (NYSE: ALSN) stands as the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, and a leader in hybrid-propulsion systems for city buses. Founded in 1915, Allison is headquartered in Indianapolis, Indiana, USA, and employs approximately 2,700 people worldwide. The company boasts a strong global presence with operations in over 80 countries and regional headquarters in the Netherlands, China, and Brazil.
Allison's products are utilized in a diverse array of applications, including refuse, construction, fire, distribution, bus, motorhomes, defense, and energy sectors. Their transmissions are designed to enhance fuel and operator efficiency, making them a preferred choice over manual and automated manual transmissions. With a commanding presence in the on-highway business, Allison holds about 60% of the global market share in Class 4-8 trucks, buses, and certain heavy-duty passenger vehicles like motorhomes.
Committed to innovation, Allison is at the forefront of developing electric hybrid propulsion systems and e-powertrains, extending its technological reach into sustainable transportation solutions. A testament to this commitment is the recent partnership with New Flyer to equip New Orleans' buses with Allison's eGen Flex® electric hybrid propulsion system, offering enhanced sustainability and emergency preparedness capabilities.
Allison also prides itself on a robust and expansive service network, with approximately 1,600 independent distributor and dealer locations worldwide. Recent expansions include a new authorized service location in Rwanda and collaborations with major partners such as Penske in Australia and Polska Grupa Zbrojeniowa in Europe, ensuring comprehensive support and service availability for their products globally.
Financially, Allison continues to show strong performance. In the first quarter of 2024, the company reported record net sales of $789 million, driven by robust demand across various markets and strategic price increases. Despite industry challenges, Allison has maintained a prudent balance sheet, focusing on a low-cost, flexible debt structure and continued capital returns to shareholders through share repurchases and increased dividends.
Allison's venture arm, Allison Ventures, further underscores their dedication to future growth and innovation by committing $10 million to EnerTech Capital, aiming to access and leverage emerging automotive technologies. This strategic investment aligns with Allison's broader efforts to enhance its innovation pipeline across commercial mobility and work solutions.
For more detailed information on Allison Transmission's products, services, and latest developments, visit allisontransmission.com.
Allison Transmission announced that Jackie Bolles has been appointed as Executive Director of Treasury and Investor Relations, effective October 17. Bolles brings over a decade of experience at Allison, where she previously served as executive director, deputy general counsel, and chief compliance officer. In her new role, she will manage investor relations and oversee cash management and forecasting activities, strengthening the company's financial strategies and communications with stakeholders.
Allison Transmission (NYSE: ALSN) has launched the eGen Force™ electric hybrid propulsion system for tracked combat vehicles, specifically designed for the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV) program. This system is suitable for 50-ton vehicles and scalable to 70 tons for future Main Battle Tank needs. It integrates an electric motor and inverter for enhanced mobility and soldier survivability. With established components from the Abrams Main Battle Tank, the eGen Force demonstrates a high efficiency range and significant electrical power generation. Testing is set to progress in 2023.
Allison Transmission Holdings (NYSE: ALSN) will hold its third quarter 2022 financial results conference call on October 26, 2022 at 5:00 p.m. EDT. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company’s performance. Financial results will be released post-market on the same day. Investors can dial in at 1-877-425-9470 or access a live webcast at ir.allisontransmission.com. A replay will be available from 8:00 p.m. EDT on October 26 until 11:59 p.m. EDT on November 2.
Allison Transmission (NYSE: ALSN) announced the introduction of the Isuzu FVR 18.5T truck, which is equipped with the Allison 3000 Series™ 6-speed fully automatic transmission. This new medium-duty truck was launched in Taiwan, aimed at enhancing pickup and delivery capabilities in urban environments. Designed for compliance with Euro 6 emission standards, the FVR 18.5T features multiple wheelbase options, improved fuel efficiency, and offers flexibility for various utility applications. The collaboration is expected to provide significant economic value to fleet operators in Taiwan.
Allison Transmission has unveiled the eGen Power® 130S at IAA Transportation in Hanover, Germany. This new fully electric axle is designed for commercial vehicles in Europe and Asia Pacific, supporting a 13-ton gross axle weight rating. Key features include a single motor producing 225 kilowatts of continuous power, a peak of 325 kilowatts, and 26,000 newton meters of torque. The 130S features a two-speed gear architecture and 100% regenerative braking. This launch expands Allison's eGen Power family aimed at meeting diverse customer demands in the electrification landscape.
Allison Transmission has entered a strategic agreement with Anadolu Isuzu to integrate its eGen Power® 100S electric axles into light-duty truck and midibus platforms. This collaboration aims to enhance vehicle performance, lower emissions, and support public transportation initiatives. The eGen Power 100S offers a continuous power output of 304 hp and peak power of 437 hp, making it a robust solution in its category. This partnership continues their decade-long relationship and aligns with European emission reduction efforts.
Allison Transmission announced a significant contract with the Santa Clara Valley Transportation Authority (VTA) for the supply of buses featuring the eGen Flex™ electric hybrid propulsion system. This order represents the largest to date for the eGen Flex, capable of reducing fuel consumption by up to 25% compared to conventional diesel buses. The system can operate in electric-only mode for up to 10 miles or 50 minutes multiple times daily, supporting sustainable transit initiatives. This partnership highlights Allison’s commitment to providing eco-friendly transportation solutions.
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