Allison Transmission

Allison Ventures Announces Strategic Investment in Niron Magnetics

Retrieved on: 
Tuesday, February 20, 2024

Allison Ventures, Allison Transmission’s venture capital arm, is pleased to announce its strategic investment in Niron Magnetics, a pioneering company in the field of sustainable non-rare earth permanent magnets.

Key Points: 
  • Allison Ventures, Allison Transmission’s venture capital arm, is pleased to announce its strategic investment in Niron Magnetics, a pioneering company in the field of sustainable non-rare earth permanent magnets.
  • (Photo: Business Wire)
    "Niron Magnetics is excited to have Allison Ventures as a strategic partner," said Jonathan Rowntree, Chief Executive Officer, Niron Magnetics.
  • The strategic partnership between Allison Ventures and Niron Magnetics addresses the growing demand for sustainable and environmentally friendly solutions in commercial-duty mobility.
  • Allison Ventures intends to back the commercialization and expansion of Niron's non-rare earth magnet technology, alongside other prominent leaders in the automotive industry, by participating in Niron Magnetics' funding round announced today.

Niron Magnetics Secures Funding from Samsung Ventures, Allison Transmission and Magna to Accelerate Production of Rare Earth-Free Magnets

Retrieved on: 
Tuesday, February 20, 2024

Niron Magnetics , the company pioneering the world's first high-performance, rare earth-free permanent magnets, today announced it has received $25 million in new strategic funding.

Key Points: 
  • Niron Magnetics , the company pioneering the world's first high-performance, rare earth-free permanent magnets, today announced it has received $25 million in new strategic funding.
  • Allison Ventures, the venture capital arm of Allison Transmission , leading designer and manufacturer of vehicle propulsion solutions, was also part of this funding round, along with one of the world’s largest automotive suppliers, Magna .
  • In addition to Samsung Ventures, Allison Transmission, and Magna, current investors Shakopee Mdewakanton Sioux Community and University of Minnesota also participated in this round, providing additional funding.
  • "We look forward to collaborating closely with all of our investors and partners to work towards enabling a rare earth-free alternative in magnetics."

Allison Transmission Announces Record Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

Allison Transmission Holdings Inc. (NYSE: ALSN) today reported an 8 percent increase in fourth quarter net sales from the same period in 2022, propelling full year net sales to a record $3.04 billion.

Key Points: 
  • Allison Transmission Holdings Inc. (NYSE: ALSN) today reported an 8 percent increase in fourth quarter net sales from the same period in 2022, propelling full year net sales to a record $3.04 billion.
  • Diluted EPS for the year increased 34 percent from 2022 to a record $7.40.
  • David S. Graziosi, Chairman and Chief Executive Officer of Allison Transmission commented, “Allison’s fourth quarter marks the highest fourth quarter revenue in our history, leading to a record year driven by strong demand in our largest end markets, and the dedication from our team to realize growth objectives.
  • Through increased earnings and reduction in share count, we are pleased to report record full year Diluted EPS of $7.40 per share.

Allison Transmission’s 3414 Regional Haul Series™ Selected by One of the World’s Largest Logistics Companies for Natural Gas-Powered Fleet

Retrieved on: 
Thursday, February 8, 2024

Allison Transmission is pleased to announce a leading global logistics and delivery company will add Freightliner Cascadia compressed natural gas (CNG) day cab tractors equipped with the Allison 3414 Regional Haul Series™ (RHS) transmission to its fleet of 18,000 tractors.

Key Points: 
  • Allison Transmission is pleased to announce a leading global logistics and delivery company will add Freightliner Cascadia compressed natural gas (CNG) day cab tractors equipped with the Allison 3414 Regional Haul Series™ (RHS) transmission to its fleet of 18,000 tractors.
  • View the full release here: https://www.businesswire.com/news/home/20240208165492/en/
    Like all Allison transmissions, the Allison 3414 Regional Haul Series™ works with any fuel source.
  • Its patented torque converter boosts engine torque, compensating for the lower power often associated with compressed natural gas.
  • For more information on Allison’s award-winning 3414 Regional Haul Series, visit allisontransmission.com .

Allison Transmission Partners with Volare to Introduce South America’s First School Buses Equipped with Fully Automatic Transmissions

Retrieved on: 
Wednesday, February 7, 2024

In partnership with Volare, Brazil's leading minibus manufacturer, Allison Transmission will equip South America's first school buses with fully automatic transmissions.

Key Points: 
  • In partnership with Volare, Brazil's leading minibus manufacturer, Allison Transmission will equip South America's first school buses with fully automatic transmissions.
  • (Photo: Business Wire)
    “The introduction of Allison’s fully automatic transmissions in school buses in Brazil will be revolutionary in the progress of school transportation.
  • The Volare buses, available in 4x2 and 4x4 versions, will be equipped with Allison T2100 xFE® transmissions.
  • “Allison’s partnership with Volare demonstrates our commitment to addressing the needs of the Brazilian market,” said Heidi Schutte, Vice President of EMEA, APAC and South America Sales, Allison Transmission.

Allison Transmission to Drive Innovation with New Venture Capital Arm

Retrieved on: 
Tuesday, January 30, 2024

Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced it is launching Allison Ventures.

Key Points: 
  • Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced it is launching Allison Ventures.
  • Allison Ventures is not a separate investment fund but embedded within Allison’s corporate team.
  • “Allison Ventures will allow us to increase our innovation pipeline in support of industry technology advancement across commercial-duty mobility and work solutions to further our mission to Improve the Way the World Works," said Todd Bradford, Vice President, Strategy, Business and Corporate Development, Allison Transmission.
  • The Allison Ventures team will focus on technologies that will shape the future of commercial-duty mobility and work solutions.

Allison to Provide e-Axles to Oshkosh Corporation for North America’s First Fully Integrated, Zero-Emission Electric Refuse Collection Vehicle

Retrieved on: 
Thursday, January 25, 2024

Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is proud to be selected by Oshkosh Corporation as its electric axle supplier for North America’s first fully integrated, zero-emission electric refuse collection vehicle.

Key Points: 
  • Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is proud to be selected by Oshkosh Corporation as its electric axle supplier for North America’s first fully integrated, zero-emission electric refuse collection vehicle.
  • The Allison eGen Power® 100S has been successfully integrated into the McNeilus® Volterra™ ZSL™ electric refuse vehicle, which is specifically designed for the waste management industry to minimize environmental impact and reduce noise in communities around the world.
  • “Allison is the established propulsion leader in the North America refuse market.
  • This partnership with Oshkosh helps to ensure Allison will continue to meet customer demand now and well in the future as electric vehicle adoption increases.”
    For more information on Allison’s eGen Power solutions, please visit: https://www.allisontransmission.com/ev-solutions/egen-power .

Allison Transmission Forms Strategic Partnership with SANY to Provide Transmissions for Mining Vehicles

Retrieved on: 
Tuesday, January 23, 2024

Allison Transmission is pleased to announce a strategic partnership agreement with SANY, a global heavy equipment manufacturer for the mining and construction markets.

Key Points: 
  • Allison Transmission is pleased to announce a strategic partnership agreement with SANY, a global heavy equipment manufacturer for the mining and construction markets.
  • Allison will supply its family of Off Road Series™ (ORS) and Wide Body Dump Series™ (WBD) transmissions for integration into their lineup of mining vehicles including the next-generation SANY SKT105 wide body mining dump (WBMD) truck, rigid dump trucks and articulated dump trucks (ADT).
  • View the full release here: https://www.businesswire.com/news/home/20240123542741/en/
    Qu Xiaofei, General Manager, SANY and John Coll, Senior Vice President, Marketing, Sales and Service, Allison Transmission sign a strategic partnership agreement to integrate Allison transmissions into several vehicles critical for successful mining operations.
  • (Photo: Business Wire)
    As part of this agreement, Allison will be the fully automatic transmission provider for generation two of SANY’s WBMD vehicles.

Allison Transmission Awarded $83.3 Million Contract to Support U.S. Army Abrams Tank Modernization and Tank Production for Abrams User Nations

Retrieved on: 
Thursday, January 18, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240118522676/en/
    Allison Transmission will deliver upgraded and new X1100 cross-drive transmissions throughout 2024 to meet performance demands of the Abrams tank.
  • (Photo: Business Wire)
    “Allison is proud to be part of the world’s premier main battle tank supporting the U.S. Army and our close partners.
  • Allison will deliver upgraded and new transmissions to meet performance demands of the Abrams tank.
  • The Abrams tank has seen numerous upgrades and enhancements that provide the crew with the world’s most capable tank.

Allison Transmission Announces Ratification of New Labor Agreement with the UAW

Retrieved on: 
Wednesday, January 17, 2024

Allison Transmission announced today that a new collective bargaining agreement with the International United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) Local 933 has been ratified.

Key Points: 
  • Allison Transmission announced today that a new collective bargaining agreement with the International United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) Local 933 has been ratified.
  • The contract covers approximately 1,600 UAW-represented employees at Allison facilities in Indianapolis, Indiana and has a four-year duration, expiring on November 14, 2027.
  • “This milestone represents the culmination of dedicated efforts from both our organization and the UAW Local 933, demonstrating our more than 80 years of shared commitment to the well-being of our employees and the success of our company,” said David Graziosi, Allison Transmission Chairman and CEO.
  • “We believe that this agreement not only reflects our shared values but also paves the way for a strong future of continued growth.”