Allison Transmission secures regulatory approval for $2.7B acquisition
The company expects to close on the acquisition of the off-highway business unit of Ohio-based Dana Inc. at or near the end of this year.
Allison Transmission
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UAW members overwhelmingly approve new contract with Allison Transmission
More than 81% of United Auto Workers Local 933 members voted Tuesday to ratify a new employment contract with Indianapolis-based Allison. The members had been working under the terms of a previous contract that expired in mid-November.
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UAW members at Allison Transmission gear up for strike if contract talks don’t progress
The 1,500 members of UAW Local 933 are making plans to walk out at Allison Transmission if the company doesn’t meet the union’s demands.
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Local companies eye big opportunities in federal infrastructure package
The $1.2 trillion law could be a boon for huge corporations like Cummins Inc. and Allison Transmission Inc. and smaller ones like Telamon Corp., 120Water Inc. and BCA Environmental Consultants LLC.
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Allison Transmission to invest $42M in Chinese company’s public offering
Indianapolis-based Allison, which recently formed a partnership with Beijing-based Jing-Jin Electric, announced Wednesday that it will participate in Jing-Jin’s upcoming initial public offering.
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Articles
Allison Transmission lands $97M for Abrams Tank transmissions
The award follows an $80 million contract that Allison received from the program for 2025 and an $83 million contract for 2024.
Allison Transmission reduces full-year sales, profitability expectations
Indianapolis-based Allison Transmission Holdings Inc. outperformed analysts’ expectations in the second quarter, but the manufacturer also says its full-year revenue and profits will likely be lower than it had previously expected.
Allison Transmission to acquire Dana Inc. business unit for $2.7 billion
The business unit employs about 11,000 people in 25 countries. Allison did not specify if any jobs would be negatively affected by the deal.
Allison Transmission investing $100M-plus to expand production in India
Indianapolis-based Allison Transmission plans to add 200,000 square feet to its manufacturing facility in Chennai, India, the company announced Thursday, doubling its manufacturing footprint at the site.
Made in Indiana: Transmissions by Allison Transmission Holdings Inc.
Allison is Indiana’s 18th largest public company in terms of annual revenue, reporting $3 billion in sales and $672 million in profit for 2023.
Allison Transmission’s venture arm makes $10M investment in mobility fund
As part of its investment, Indianapolis-based Allison will gain access to EnerTech Capital’s network of companies working on automotive technologies in the areas of electrification, connectivity, autonomy and digitization.
Allison Transmission strike potentially averted with tentative agreement
The proposed four-year contract has a starting wage of $20 an hour and bonuses adding up to $7,000.
Allison awarded $6.5M in DOD funding to develop armored-vehicle transmission
Allison Transmission said its NextGen transmission, if accepted, will be part of the U.S. Army’s Optionally Manned Fighting Vehicle.
2022 Innovation Issue: Allison Transmission is investing for the age of the electric vehicle
Allison Transmission Inc. has invested $335 million over the past four years in product development, strategic acquisitions and new facilities and capabilities, including a new Innovation Center and a separate vehicle testing center at its West 10th Street headquarters campus.
Conexus Indiana hires innovation-focused executive as its new president, CEO
Conexus’ new president and CEO, Fred Cartwright, has held a variety of innovation-focused leadership positions in the manufacturing industry, including at Allison Transmission, General Motors and an automotive research facility affiliated with Clemson University in South Carolina.
Allison Transmission raises sales forecast amid ongoing pandemic recovery
The Indianapolis-based manufacturer said it expects 2021 net sales to range from $2.33 billion to $2.48 billion. That’s an improvement from the guidance the company issued in February.
Allison Transmission expects revenue, profit to rebound this year
Allison Transmission’s fourth-quarter financial performance exceeded analysts’ revenue expectations but fell short of profitability forecasts.
Allison Transmission’s sales, profit improve from previous quarter’s plunge
Although its financial performance hasn’t yet recovered to pre-pandemic levels, the Indianapolis-based manufacturer’s third-quarter financial results exceeded analysts’ expectations.
Allison Transmission calls new $34.5M test center a ‘game-changer’
The new center, on the manufacturer’s Speedway campus, can simulate extreme heat and cold as well as a variety of altitudes and road conditions.
Allison Transmission turns quarterly profit despite 49% decline in revenue
Allison Transmission Holdings Inc. on Tuesday reported second-quarter earnings that surpassed Wall Street expectations but revenue that fell short.
Allison Transmission sees first-quarter profit, revenue decline
The Indianapolis-based manufacturer took a blow in the first quarter due to the pandemic, but still turned in results that exceeded analyst expectations.
Allison Transmission lands $162M government contract, cuts 272 jobs
The company, which shut down some of its production lines beginning March 30, said the uncertainty caused by the COVID-19 pandemic is forcing it to cut 272 jobs.
Allison Transmission halting production at some Indianapolis sites
Allison said it’s suspending some of its local production lines because the coronavirus outbreak has disrupted supply chains and weakened customer demand.
Allison Transmission’s 4Q performance beats analyst expectations
Indianapolis-based Allison Transmission Holdings Inc. on Wednesday reported lower fourth quarter revenue and earnings than a year ago, but the results beat Wall Street predictions.