Remy inks deal to supply hybrid motors to Allison
Remy International and Allison Transmission will work together on a hybrid commercial truck program. Latest supply deal to
boost Remy’s Anderson factory.
Remy International and Allison Transmission will work together on a hybrid commercial truck program. Latest supply deal to
boost Remy’s Anderson factory.
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
Though plagued by debt, Allison Transmission recently plowed millions of dollars into experimental technology that could lead
to new products.
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut
expenses if it’s going to weather the recession.
Business owners along the fabled Gasoline Alley north of Rockville Road think a proposal to close a north-south road linking
them to the front door of the Indianapolis Motor Speedway will have devastating effects.
As struggling General Motors Corp. tries to raise cash by unloading Allison Transmission, the fate of the city’s third-largest
manufacturer hangs in the balance. But analysts say its market dominance, strong management team and abundance of private
equity could spare it the fate of other auto plants here.