Allison falls short of earnings, revenue expectations
Allison Transmission Holdings Inc. on Monday reported a jump in profit in the third quarter despite sliding revenue.
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PROXY CORNER: Allison Transmission Holdings Inc.
Allison Transmission Holdings Inc. designs and manufactures commercial and military fully automatic transmissions and hybrid-propulsion systems for transit buses. The company also sells replacement parts, support equipment and other service products.
Allison stock slips after owners reveal plan to sell shares
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
Allison Pointe buildings hit with foreclosure suit
The owners of the buildings, about three dozen entities and individuals, owe $16.6 million, or the entire balance of the loan they received in 2006 to purchase the properties, according to court documents.
Gears slip for Allison Transmission in second quarter
Profit and revenue fell for Allison Transmission Holdings Inc. in its second quarter, as demand in its mining and military markets slipped.
Allison expects 50-percent drop in quarterly earnings
The Indianapolis-based transmissions manufacturer said its profit would be hurt by a steep drop in revenue in the first quarter.
Allison adds hybrid systems for broader array of trucks and buses
Production of propulsion system for medium- and heavy-duty vehicles will begin later this year.
Allison Transmission cuts 2013 sales outlook
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
Other news: From Allison’s IPO to Lugar’s defeat
Politics and real estate helped round out 2012’s news of note.
Allison Transmission workers approve labor contracts
More than 1,500 hourly workers in Indianapolis ratified new five-year contracts, the automotive supplier announced Thursday.
Allison Transmission, union reach tentative agreement
Members of United Auto Workers Local 933 must vote in favor of the five-year collective bargaining agreements before they would go into effect.
Allison negotiators extend contracts until next week
The commercial transmission maker's existing contracts, which were set to expire at 11:59 p.m. Wednesday, will remain in force until noon Nov. 21.
Allison Transmission workers may strike this week
Members of United Auto Workers Local 933, which represents roughly 1,500 hourly workers, could declare a strike if negotiators do not reach an agreement with Allison Transmission by a Wednesday deadline.
Allison lowers outlook after profit slides 17 percent
Allison Transmission Holdings Inc.’s profit dropped 17 percent in the third quarter after sales slid 14 percent.
New Allisonville bridge open for traffic
The new Allisonville Road bridge over Interstate 465 on the north side of Indianapolis has officially opened to traffic. Additional temporary lane restrictions are expected for about another month as Walsh Construction finishes work on the $19 million interchange project. Once all lanes are open, the new bridge will have three through lanes and two left-turn lanes in each direction. The bridge also will have bike lanes and sidewalks for non-motorized traffic.
Allison Transmission struggling to rev up investors
After the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing a bargain.
Allison, two others partner on new transmissions
Allison Transmission Inc. has entered a partnership with two other companies to produce high-efficiency NuVinci CVP transmissions.
Allison Transmission sets rate on $500 million loan
Allison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate it will pay on a $500 million term loan the company is seeking to refinance debt.
Allison reports $413M quarterly profit, but lowers forecast
Allison Transmission Inc. on Monday reported earnings of nearly $413 million in the second quarter after losing $17.2 million in the same period a year ago. The Indianapolis-based manufacturer cut its full-year sales-growth forecast.
Allison earnings rise on surging sales
Allison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based manufacturer announced Monday. The earnings announcement was Allison’s first since it went public in March.