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.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}