Allison Transmission unveils new 6000 series for WBD trucks

INDIANAPOLIS - Allison Transmission (NYSE: ALSN), a global provider of commercial and defense vehicle propulsion solutions with a market capitalization of nearly $10 billion and impressive 93.66% return over the past year, has recently introduced the 6000 Series™ transmission, specifically designed for wide body dump (WBD) trucks. This new transmission, the 6625 WBD model, was showcased at Bauma CHINA 2024, an international tradeshow for construction and mining machinery.

The 6625 WBD transmission aims to improve operational efficiency and reduce the total cost of ownership for WBD trucks, which are subject to demanding conditions. According to Brian Geiselhart, Executive Director of Asia Pacific Sales at Allison Transmission, the launch is part of the company’s strategic growth initiative to expand its market share in off-highway applications beyond North America.

Developed from the 6000 Off-Road Series™ transmissions, known for their reliability in mining trucks, the 6625 WBD transmission has undergone rigorous testing with OEM partners, including Lingong Heavy Machinery Co. Ltd. (LGMG), in countries like Indonesia, Vietnam, and Chile. It is engineered to support higher-tonnage WBD trucks, with a maximum gross vehicle weight of up to 136 metric tons.

Featuring Allison’s patented torque converter and Continuous Power Technology™, the transmission provides smooth starts and consistent power output. It also includes advanced diagnostic capabilities for real-time status monitoring and Shift Energy Management to protect the clutch and reduce shift shocks.

Allison Transmission, headquartered in Indianapolis and founded in 1915, operates globally with a presence in over 150 countries. The company’s products are utilized in a diverse range of applications, from on-highway vehicles to off-highway vehicles and equipment, as well as defense vehicles. With a healthy current ratio of 2.83 and EBITDA of $1.13 billion, Allison Transmission continues to expand its product offerings to meet the evolving demands of the market. According to InvestingPro analysis, the company trades at an attractive P/E ratio of 13.8 and has maintained dividend payments for 13 consecutive years, demonstrating strong financial stability. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

This announcement is based on a press release statement from Allison Transmission, Inc. (NYSE: ALSN), which is the largest global manufacturer of medium- and heavy-duty fully automatic transmissions. For further details on the 6000 Series transmissions, interested parties can visit the company’s website.

In other recent news, Allison Transmission Holdings (NYSE:ALSN) Inc. has reported impressive financial results alongside significant strategic developments. The company recorded a 12% increase in net sales, reaching $824 million, and a 27% rise in net income, amounting to $200 million for the third quarter of 2024. Additionally, a new high was set for diluted earnings per share at $2.27. The company also revised its full-year revenue guidance to fall between $3,135 million and $3,215 million.

In terms of recent contracts, Allison Transmission secured an $80.6 million deal to supply transmissions for the Abrams Main Battle Tank program in 2025. This contract not only contributes to the company’s robust revenue base but also strengthens its market position.

Allison Transmission has also announced a quarterly cash dividend of $0.25 per share on its common stock. This decision reiterates the company’s strong financial discipline and consistent dividend payment history.

In strategic developments, Allison Transmission plans to invest over $100 million to expand its Chennai, India facility, nearly doubling its manufacturing footprint by 2026. The company has also formed strategic partnerships with Lugan and Ashok Leyland (NSE:ASOK). These recent developments and partnerships indicate a positive trajectory for Allison Transmission.

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