Allison Transmission ends Japanese joint venture

Indianapolis-based Allison Transmission said today it has ended a decade-long agreement with Aisin Seiki Co. of Japan, which sold Allison transmissions and parts in Japan, according to Bloomberg.

Allison parent General Motors Corp. announced June 28 that it had sold Allison to The Carlyle Group and Onex Corp. for $5.6 billion.

The deal is expected to close early in the third quarter. Allison employs about 3,400 in Indianapolis.