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 Holdings (NYSE: ALSN), a leader in commercial-duty automatic transmissions and hybrid propulsion solutions, announced the appointment of G. Frederick Bohley III as the new Chief Operating Officer (COO) effective immediately. Bohley, who has been with the company since 1991, will retain his roles as Chief Financial Officer (CFO) and Treasurer. As COO, he will oversee Finance, Strategy and Business & Corporate Development, Information Systems & Services, and Operations. The company has begun searching for a new CFO to succeed Bohley. CEO David Graziosi praised Bohley's leadership and experience, expressing confidence in his capability to drive strategic growth.
Allison Ventures, the venture capital arm of Allison Transmission, announced a $10 million investment in EnerTech Capital on May 16, 2024. EnerTech Capital focuses on emerging technologies in the mobility space, including electrification, connectivity, autonomy, and digitization. This partnership aims to provide Allison with access to EnerTech's extensive network of high-tech companies and insights into new automotive technologies. EnerTech's Global Strategic Mobility Fund includes ten corporate investors, and Allison expects this collaboration to enhance its innovation pipeline and business development opportunities in the commercial mobility sector.
Allison Transmission Holdings Inc. (NYSE: ALSN) declared a cash dividend of $0.25 per share for the second quarter of 2024. The payment will be made on May 31, 2024, to stockholders of record on May 20, 2024. Future dividends will be determined based on financial position and other relevant factors.
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