Author: BusinessWire Online News

Allison Transmission Invests in Autotech Ventures, Obtaining Unique Access to Global Mobility Startups

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, is pleased to announce it has committed to a $15 million investment in Autotech Ventures, a venture capital firm that’s helping to pave the way for the next frontier of mobility. Based in Silicon Valley, Autotech invests in and provides… Continue reading Allison Transmission Invests in Autotech Ventures, Obtaining Unique Access to Global Mobility Startups

Allison Transmission Delivers 2 Millionth 1000/2000 Series Transmission

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, is pleased to announce the delivery of its 2 millionth 1000/2000 Series transmission, a milestone in the company’s history of providing reliable, durable transmissions for light and medium duty commercial vehicles. The transmission was delivered to Penske Truck Leasing, a… Continue reading Allison Transmission Delivers 2 Millionth 1000/2000 Series Transmission

Allison Transmission Recognized for Supplier Quality by Daimler Truck North America

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial vehicles is honored to be named a recipient of the 2020 Masters of Quality award from Daimler Truck North America (DTNA), North America’s largest heavy-duty truck manufacturer. The annual award program recognizes DTNA suppliers that have received high scores… Continue reading Allison Transmission Recognized for Supplier Quality by Daimler Truck North America

Cummins Inc. Approves Share Repurchase Program

COLUMBUS, Ind.–(BUSINESS WIRE)–On December 14, the Board of Directors of Cummins Inc. (NYSE: CMI) authorized the Company to repurchase up to $2 billion in shares of common stock upon completion of its 2019 $2 billion share repurchase program. “The latest share repurchase program reinforces our commitment to delivering strong returns to shareholders and reflects our… Continue reading Cummins Inc. Approves Share Repurchase Program

Securitas France Partners With Quanergy to Unveil the Security Market’s First Mobile Surveillance Solution With Integrated 3D LiDAR Technology

SUNNYVALE, Calif. & PARIS–(BUSINESS WIRE)– #Mobile–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a collaboration with Securitas France, a leader in intelligent protective services. The collaboration provides the security industry’s first remote mobile surveillance solution with 3D LiDAR integration. The mobile… Continue reading Securitas France Partners With Quanergy to Unveil the Security Market’s First Mobile Surveillance Solution With Integrated 3D LiDAR Technology

Allison Transmission Grows Its Global Presence in Wheeled Tactical Defense Vehicles

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, and medium- and heavy-duty commercial vehicles has been selected by the Israeli Ministry of Defense for their future Infantry Fighting Vehicle. The Israeli Ministry of Defense selected the Allison 4800 Specialty Series™ (SP)… Continue reading Allison Transmission Grows Its Global Presence in Wheeled Tactical Defense Vehicles