IBJNews

Allison, two others partner on new transmissions

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Allison Transmission Inc. has partnered with two other auto suppliers to develop and produce a new line of high-efficiency transmissions, the companies announced Thursday morning.

The "next-generation" transmissions developed by Allison, Dana Holding Corp. and Fallbrook Technologies Inc. will be expected to increase fuel efficiency, reduce emissions and improve overall vehicle performance.

The agreement calls for Fallbrook's NuVinci CVP technology to be licensed to Allison and Dana. The technology enables designers to reduce complexity of transmissions, superchargers, and other powertrain systems, allowing engines to operate at more efficient speeds.

As part of the deal, Allison acquired an undisclosed, non-controlling equity stake in privately owned Fallbrook., which is headquartered in San Diego, Calif.

During a Thursday morning teleconference, Allison CEO Lawrence Dewey declined to discuss the company’s total investment in the NuVinci CVP technology or the potential financial impact of the agreement.

“As we get to stages where it makes sense, we’ll be disclosing that,” Dewey said.

Through its licensing agreement, Allison will have the exclusive right to use the CVP technology in primary drivetrain transmissions for customers producing commercial, military, off-road and other vehicles and equipment.

Maumee, Ohio-based Dana Holding Corp.'s separate but related agreement with Fallbrook will allow it to engineer and produce NuVinci transmission parts.

Allison and Dana also signed a letter of intent to set up a partnership in which Dana would produce parts for Allison’s NuVinci transmissions.

Allison shares fell 12 cents in early trading Thursday, to $19.30 each. The stock has risen 10 percent since the beginning of September.

Dana's shares fell 11 cents, to $13.81.

 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

ADVERTISEMENT