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
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.
Allison Transmission tops expectations with third-quarter results
Allison Transmission Holdings Inc. on Wednesday announced third-quarter earnings and revenue that surpassed Wall Street expectations.
Allison Transmission acquires two companies for $103M
Allison, which makes automatic transmissions, acquired one of its long-time suppliers, plus a company that makes tools for that supplier.
Allison Transmission beats 2Q forecasts with record sales
Allison attributed the increase in sales to higher demand in the North America On-Highway and Outside North America Off-Highway end markets.
Allison Transmission plans to build Innovation Center, boost employment
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.
Allison Transmission announces $132 million in acquisitions
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.
Allison Transmission seeking $2.7M tax break from city on $34.5M testing facility
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 to build major testing facility in Speedway
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’s sales, profit surge to annual record
Allison Transmission Holdings Inc. saw sales rise 10 percent in the fourth quarter, capping a record year for the Indianapolis-based manufacturer.
Allison Transmission tops expectations with quarterly report
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 fears U.S. military giving Spanish competitor unfair advantage
Allison Transmission is concerned its specialized combat-vehicle transmission production line, which accounts for more than $100 million in annual revenue, is under threat.
Allison Transmission beats forecasts with record quarterly revenue
The Indianapolis-based manufacturer of automatic transmissions saw sales growth in all of its market segments.
Hybrid pioneer Allison sees long road toward electric big rigs
Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.
Allison veteran to ascend to CFO spot in global transmission firm
G. Frederick Bohley, a 27-year veteran of Allison Transmission Holdings Inc., has been named chief financial officer of the Indianapolis-based public company.
Allison Transmission beats expectations in first quarter
The Indianapolis-based transmission manufacturer reported higher-than-expected revenue and profit in the latest period.
Allison Transmission reports big jumps in profit, revenue
The Indianapolis-based manufacturer exceeded Wall Street expectations in both earnings and sales in the latest quarter.
Allison Transmission raises forecast after solid quarterly report
Allison Transmission Holdings Inc. raised its full-year sales projections after reporting better-than-expected revenue and earnings in the third quarter.
Allison Transmission selects its next CEO from inside C-suite
The Indianapolis-based manufacturer’s current chief financial officer will succeed Lawrence Dewey following Dewey’s retirement next year.