Welcome to our dedicated page for Allison Transmission Hldgs news (Ticker: ALSN), a resource for investors and traders seeking the latest updates and insights on Allison Transmission Hldgs stock.
Allison Transmission Holdings Inc (ALSN) generates news across multiple commercial vehicle segments, from defense contracts and municipal fleet orders to hybrid-propulsion system deployments and manufacturing expansion announcements. As the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, the company's developments influence transit agencies, construction fleets, refuse haulers, and defense procurement programs worldwide.
This news feed tracks Allison's business developments across its core revenue streams: transmission sales to original equipment manufacturers, aftermarket parts distribution, and hybrid system deployments in public transit. Coverage includes government contract awards for military vehicle transmissions, new product introductions for commercial applications, quarterly earnings reports detailing segment performance, and expansion of the company's global manufacturing and distribution network.
Investors monitoring ALSN follow news related to commercial vehicle production cycles, infrastructure spending that drives demand for construction and municipal equipment, transit agency funding for bus purchases, and defense budgets affecting military procurement. Product announcements showcasing new transmission models paired with truck manufacturers, hybrid-propulsion system adoptions by transit agencies, and international market expansion provide insights into the company's competitive positioning across its diverse application segments.
Track Allison Transmission news to monitor quarterly dividend declarations, material events through SEC filings, strategic acquisitions expanding product capabilities, and partnerships with vehicle manufacturers integrating Allison transmissions into new platforms. The company's global presence means developments in North American refuse markets, European emission regulations, Asian infrastructure projects, and defense programs all generate material news affecting the business outlook.
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.
Allison Transmission has partnered with Zhongtong Bus Holding Co., Ltd. to deliver 211 compressed natural gas (CNG) city buses equipped with Allison T270R transmissions to Yerevan, Armenia. This initiative aims to enhance public transportation by providing greener, quieter, and more efficient travel solutions. The new buses feature advanced technology for improved fuel economy and reduced emissions, designed specifically for urban traffic challenges. This long-standing partnership highlights Allison's commitment to innovation and sustainability in vehicle propulsion.
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.
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