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
Author: BusinessWire Online News
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
Toyoda Gosei Develops Battery Case for Electrified Vehicles
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has developed a battery case made of plastic to accommodate the large amount of batteries in electrified vehicles. These battery cases are used on the Corolla PHV and Levin PHV that Toyota Motor Corporation began selling in China in March 2019. These cases increase the life of batteries by… Continue reading Toyoda Gosei Develops Battery Case for Electrified Vehicles
Allison Transmission Closes $500 Million Senior Notes Offering
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings, Inc. (NYSE: ALSN) (“Allison” or the “Company”) today announced that its wholly owned subsidiary, Allison Transmission, Inc. (the “Issuer”), completed its previously announced offering of $500 million in aggregate principal amount of 5.875% Senior Notes due 2029 (the “Notes”) in a private placement (the “Offering”) exempt from registration under the Securities… Continue reading Allison Transmission Closes $500 Million Senior Notes Offering
Toyoda Gosei Develops Lightweight Plastic Turbo Duct
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has developed a turbo duct made entirely of plastic. This reduces weight by half and will contribute to the environmental performance of automobiles. The new lightweight plastic turbo duct is used on the new HiAce for international markets that Toyota Motor Corporation launched in February 2019. Turbo ducts are… Continue reading Toyoda Gosei Develops Lightweight Plastic Turbo Duct
Velodyne Demonstrates Lidar Solution for Rich Perception Data Collection on NVIDIA DRIVE Platform
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. today announced its surround-view lidar solutions for collecting rich perception data in testing and validation are available on the NVIDIA DRIVE™ autonomous driving platform–allowing full, 360-degree perception in real time, facilitating highly accurate localization and path-planning capabilities. Velodyne sensors’ characteristics are also available on NVIDIA DRIVE Constellation™, an open,… Continue reading Velodyne Demonstrates Lidar Solution for Rich Perception Data Collection on NVIDIA DRIVE Platform
Tenneco Reports Fourth Quarter and Full-Year 2018 Results
LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco (NYSE: TEN) reported a fourth quarter net loss of $109 million, or $(1.35) per diluted share. Fourth quarter 2017 net income▲ was $62 million, or $1.19 per diluted share. Adjusted net income was $105 million, or $1.30 per diluted share, versus $91 million or $1.75 per diluted share last year.▲ Fourth… Continue reading Tenneco Reports Fourth Quarter and Full-Year 2018 Results