Allison Transmission Holdings Inc. (ALSN) share price remained unchanged in the after-hours on Tuesday, October 5, 2021, and closed the daily trading at $36.01. In the regular trading session of Tuesday, ALSN’s stock gained 0.31%. ALSN shares have fallen 0.41% over the last 12 months, and they have moved up 0.76% in the past week. Over the past three months, the stock has lost 10.49%, while over the past six months, it has declined 14.65%.
Let’s discuss its recent news and developments.
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ALSN developing next-generation electrified transmission
On October 05, 2021, Allison Transmission (ALSN) announced that it is accelerating the development of electrification technology for integration into the U.S. Army’s ground combat vehicle fleet including tracked Infantry Fighting Vehicles and the Main Battle Tank.
Partnership with Fuller Center
On October 04, 2021, Allison Transmission (ALSN) completed a community service project, in partnership with the Fuller Center for Housing, to help a central Indiana family realize its dream of homeownership.
ALSN collaboration with SAIC
On September 30, 2021, Allison Transmission (ALSN) announced that it signed a Memorandum of Understanding (MoU) with SAIC Hongyan Automotive Co., Ltd to collaborate on Electric Axle Integration.
The two companies will work to integrate the Allison eGen Power™ 130D e-Axle into SAIC Hongyan’s regional and long-haul tractors as part of this MoU and collaborate on testing and trials ahead of production sourcing decisions.
New Flyer chose ALSN eGen Flex
On September 28, 2021, Allison Transmission (ALSN) announced that New Flyer Industries Canada ULC and New Flyer of America Inc will begin offering eGen Flex in early 2022, Allison’s next-generation electric hybrid propulsion solution. New Flyer is North America’s largest transit bus manufacturer and a subsidiary of NFI Group Inc.
Allison’s eGen Flex system can eliminate engine emissions and noise while loading and unloading passengers, in dense pedestrian areas, and zero-emission zones and bus depots, leading to a quieter and healthier environment, due to its capability of full-electric drive for up to 10 miles.
Daimler Trucks integrated with ALSN 3414 RHS
On September 22, 2021, Allison Transmission (ALSN) announced that the Allison 3414 Regional Haul Series™ (RHS) has been integrated into Daimler Trucks North America’s (DTNA) Class 8 Freightliner Cascadia Day Cab models, paired with a DD13 Gen 5 engine rated up to 410 horsepower (HP) and 1,450 pound-foot (lb-ft) of torque.
Well, we have plenty of recent news which justify its recent positive performance in the stock market. We expect it to further go up in the coming trading days.