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 Transmission
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Most of Indiana’s largest public companies enjoyed strong 2012
Angie’s List turned a profit for the first time in nearly two decades.
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.
Allison Transmission workers approve labor contracts
More than 1,500 hourly workers in Indianapolis ratified new five-year contracts, the automotive supplier announced Thursday.
Indiana manufacturers struggling with fuel economy standards
Automakers and suppliers are pumping more money into research and development at a time many of their sales departments struggle with a slowing global economy.
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.
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.
Largest Indiana public companies mostly fared well in 2011
Performance varied widely as industries ebbed, flowed.
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.
Manufacturers prowling for skilled workers
Factories laid off droves of workers during the recession but now struggle to find tech-savvy employees during the recovery.
Dynamics in place to mint public companies aplenty
Indianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on the strengthening economy and improving investor appetite for new issues.
Allison shares rise in first day after expanded IPO
Allison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer raised more than sought in its initial public offering.