Allison, which makes automatic transmissions, acquired one of its long-time suppliers, plus a company that makes tools for that supplier.
Allison attributed the increase in sales to higher demand in the North America On-Highway and Outside North America Off-Highway end markets.
Officials said the new project, combined with the Vehicle Environmental Test, or VET, facility announced earlier this year, would create more than 300 jobs altogether at Allison.
The Indianapolis-based company announced Tuesday that it has acquired England-based Vantage Power and the electric vehicle systems division of Michigan-based AxleTech International in two separate deals.
Officials for the Indianapolis-based transmission giant tell city officials that the project would create 193 jobs that pay an average of $20.39 per hour, as well as help it retain current employees.
Allison Transmission Holdings Inc. announced Thursday that it plans to build a multimillion-dollar vehicle-testing facility in Speedway that will be the only one of its kind in the Midwest.
Allison Transmission Holdings Inc. saw sales rise 10 percent in the fourth quarter, capping a record year for the Indianapolis-based manufacturer.
Allison Transmission Holdings Inc. raised its guidance for the rest of the year after reporting solid sales and profit growth in the third quarter.
Allison Transmission is concerned its specialized combat-vehicle transmission production line, which accounts for more than $100 million in annual revenue, is under threat.
The Indianapolis-based manufacturer of automatic transmissions saw sales growth in all of its market segments.
Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.
G. Frederick Bohley, a 27-year veteran of Allison Transmission Holdings Inc., has been named chief financial officer of the Indianapolis-based public company.
The Indianapolis-based transmission manufacturer reported higher-than-expected revenue and profit in the latest period.
The Indianapolis-based manufacturer exceeded Wall Street expectations in both earnings and sales in the latest quarter.
Allison Transmission Holdings Inc. raised its full-year sales projections after reporting better-than-expected revenue and earnings in the third quarter.
The Indianapolis-based manufacturer’s current chief financial officer will succeed Lawrence Dewey following Dewey’s retirement next year.
Jason Gardner is 37-58 in three seasons at the school. But with the 1999 Indiana Mr. Basketball Award winner in charge, the Jaguars have improved their victory total each successive season.
Industry players find themselves in a precarious spot. If they don’t embrace the electric-vehicle future, they look backward. But if they dive in with excessive exuberance, they risk wasting hundreds of millions of dollars.
Allison Transmission Holdings Inc. on Monday reported profit and revenue in the second quarter that exceeded the expectations of stock analysts.
The Indianapolis-based manufacturer revised its full-year sales expectations after revenue rose 8 percent.