INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today announced that it has repurchased 4,977,043 shares of the Company’s common stock from Ashe Capital Management, LP (“Ashe Capital”) for $46.70 per share, or a total purchase price of approximately $232 million, representing a purchase price equal to… Continue reading Allison Transmission Announces Stock Purchase Agreement with Ashe Capital, a $1 Billion Increase to the Stock Repurchase Authorization and Declares Quarterly Dividend
Author: BusinessWire Online News
Cummins Announces Strong First Quarter Results; Raises Full Year Profit Outlook
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2019. First quarter revenues of $6.0 billion increased 8 percent from the same quarter in 2018. Increased truck production in North America and stronger demand in global construction and North American power generation markets drove the majority of the revenue increase.… Continue reading Cummins Announces Strong First Quarter Results; Raises Full Year Profit Outlook
Allison Transmission is Providing Its e-axle Solution to Peterbilt for Evaluation on Powerful Electric Class 8 Truck
INDIANAPOLIS–(BUSINESS WIRE)–Amidst the global pursuit of electrification in the commercial vehicle industry, Allison Transmission, a global leader in commercial-duty propulsion solutions, announced the development of highly efficient and powerful axles for electric vehicles. Allison’s AXE Series propulsion system will deliver viable, industry-changing electric solutions for the market. Launched at the 2019 Advanced Clean Technology (ACT)… Continue reading Allison Transmission is Providing Its e-axle Solution to Peterbilt for Evaluation on Powerful Electric Class 8 Truck
Allison Transmission, Alexander Dennis Collaborate on Electric Version of World’s Best Selling Double Decker Bus
INDIANAPOLIS–(BUSINESS WIRE)–At the Advanced Clean Technology Expo, two industry leaders announced a collaboration aimed at bolstering the electrification of transit buses. Allison Transmission, a global leader in commercial-duty propulsion solutions, and Alexander Dennis, one of the world’s leading bus and coach builders, are working together to develop efficient, powerful electric buses. A first step in… Continue reading Allison Transmission, Alexander Dennis Collaborate on Electric Version of World’s Best Selling Double Decker Bus
Velodyne Lidar, Nikon Announce Manufacturing Agreement for Mass Production of Velodyne Lidar Sensors
SAN JOSE, Calif.–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/velodynelidar?src=hash" target="_blank"gt;#velodynelidarlt;/agt;–Velodyne Lidar, Inc. and Nikon Corporation announce a manufacturing agreement for mass production of Velodyne lidar sensors. Go to Source
Allison Transmission Reveals Fully Integrated Electric Propulsion System for Commercial Trucks
INDIANAPOLIS–(BUSINESS WIRE)–At the Advanced Clean Technology (ACT) Expo, Allison Transmission, a global leader in medium- and heavy-duty propulsion solutions for commercial vehicles, is introducing the new AXE Series, one of the most powerful e-axle systems for medium- and heavy-duty trucks in the world. A fully integrated electric powertrain system designed to fit inside a standard… Continue reading Allison Transmission Reveals Fully Integrated Electric Propulsion System for Commercial Trucks
Allison Transmission Unveils the Most Compact, Powerful Electric Propulsion Solution for Low-Floor Bus Applications
INDIANAPOLIS–(BUSINESS WIRE)–At the Advanced Clean Technology Expo, Allison Transmission, a global leader in medium- and heavy-duty propulsion solutions for commercial vehicles, is introducing the new ABE Series, the first e-axle advanced ultra-low floor electric bus powertrain system in the market. The ABE Series e-axles are one of the world’s most powerful and compact fully integrated… Continue reading Allison Transmission Unveils the Most Compact, Powerful Electric Propulsion Solution for Low-Floor Bus Applications
Allison Transmission Acquires Vantage Power and AxleTech’s Electric Vehicle Systems Division
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today that it has purchased Vantage Power and AxleTech’s electric vehicle (EV) systems division. Allison Transmission has a more than 103-year history of leading technological advancements: from James Allison owning the winning racecar of the Indianapolis… Continue reading Allison Transmission Acquires Vantage Power and AxleTech’s Electric Vehicle Systems Division
Allison Transmission Announces First Quarter 2019 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today reported net sales for the first quarter of $675 million, a 2 percent increase from the same period in 2018. The increase in net sales was principally driven by higher demand in the North America On-Highway and Outside… Continue reading Allison Transmission Announces First Quarter 2019 Results
Cummins Implementing New Technologies With Potential to Revolutionize Manufacturing
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) is adding to its additive manufacturing capabilities by investing in a new, high-precision 3D metal printing technology called binder jet. This investment is just the next step in Cummins’ plan to revolutionize its manufacturing processes and accelerate the company’s trajectory toward scaled production in additive technologies. Binder jetting is… Continue reading Cummins Implementing New Technologies With Potential to Revolutionize Manufacturing