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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 (NYSE: ALSN) has entered a three-year partnership with Team de Rooy to develop electric trucks for motorsport competitions, including the Dakar Rally. Testing will start in early 2022, with the electric truck debuting in January 2023. The trucks will feature Allison's 4000 Series™ fully automatic transmissions, designed for durability and performance under extreme conditions. This collaboration aims to enhance fuel economy and reduce emissions, showcasing Allison's commitment to electrification in vehicle propulsion.
Allison Transmission announces its 2500 Rugged Duty Series (RDS) and 2550 RDS transmissions are integrated into Isuzu's new F-Series trucks. The Class 6 and Class 7 trucks are now in serial production featuring Allison's exclusive automatic transmissions. This partnership aims to enhance performance and fuel efficiency, particularly in urban settings. Both models utilize Cummins B6.7 engines and are designed for greater maneuverability and cargo capacity. The trucks are available through Isuzu’s dealership network starting October.
Allison Transmission has been chosen to provide its 3000 Specialty Series™ transmission for the U.S. Marine Corps Advanced Reconnaissance Vehicle (ARV) prototypes. Both Textron Systems and General Dynamics Land Systems are set to develop these prototypes, which may lead to a production of approximately 500 vehicles over five years. The ARV will prioritize maneuverability in challenging terrains and environments. Additionally, BAE Systems is collaborating to adapt its Amphibious Combat Vehicle for this initiative, which also utilizes an Allison transmission.
Allison Transmission has successfully installed a new e-Axle production assembly line at its Auburn Hills, Michigan facility. This facility will manufacture the eGen Power™ series of electric axles, featuring advanced automated assembly technology. The production line aims to boost output of pilot builds as Allison expands its electric axle capabilities. The investment also includes enhanced testing protocols to ensure each product meets performance standards. The site will produce various models tailored for heavy-duty and medium-duty vehicles, targeting both North American and international markets.
Allison Transmission (NYSE: ALSN) has announced a cash dividend of
Allison is a leader in vehicle propulsion solutions, servicing various sectors including commercial and defense vehicles, with a strong global presence.
Allison Transmission Holdings reported net sales of $567 million for Q3 2021, a 7% increase year-over-year. Net income rose to $94 million, with a diluted EPS of $0.89, up 31% year-over-year. The growth is attributed to strong demand in international on-highway markets and improved North America off-highway sales. However, the company faces ongoing global supply chain challenges. Adjusted EBITDA was $189 million, and they expect net sales for 2021 to range from $2,325 to $2,400 million.
Allison Transmission announced the delivery of over 150 King Long compressed natural gas (CNG) city buses to Guadalajara, Mexico. The buses, featuring Allison's fully automatic transmissions, are designed for the city's challenging road conditions. They will help reduce NOx emissions by approximately 10,000 pounds annually, equivalent to 5,000 passenger cars off the road. The move supports the Guadalajara Municipality's initiative for sustainable public transport alternatives with lower operating costs and noise levels compared to diesel vehicles.
Allison Transmission has announced a significant upgrade of FuelSense® 2.0 software to 493 trucks operated by Biffa, a UK waste management company. This upgrade, which follows a successful six-month trial demonstrating up to 9% fuel savings, is projected to cut CO2 emissions by 1.6 million kilograms annually and reduce diesel costs by over £600,000 each year. The financial return on this investment is expected within four months. This order is the largest of its kind in the Europe, Middle East, and Africa region.
Allison Transmission (NYSE: ALSN) announced a strategic investment of ¥264 million CNY (approx. $42 million USD) in Jing-Jin Electric (JJE) as part of JJE's IPO on the Shanghai Stock Exchange. This investment follows a partnership aimed at enhancing electric vehicle propulsion systems. Allison's CEO, David Graziosi, emphasized the importance of this investment in supporting the commercial electric vehicle sector. JJE's Chairman expressed confidence in the collaboration, which seeks to innovate electric propulsion solutions for global commercial vehicle manufacturers.
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