The company announced record full-year sales of USD 3,035 million, which increased the Earnings Per Share (EPS) to a record USD 7.04, up 34 per cent from 2022. 2023 net income was USD 673 million, compared with 2022 figures of USD 531 million.

Allison has invested in Niron Magnetics, a company specialising in the development of sustainable non-rare earth permanent magnets. Allison is hoping that this investment helps develop sustainable permanent magnets to be used in its e-axles, thereby using less critical rare earth materials, adding to the long-term sustainability of its business.

Allison Ventures is tasked with investing in and partnering with early stage growth companies that drive technology advancement across the CV mobility industry. The company has said that it will specifically focus on technologies relating to connectivity, digitalisation, sustainability, automation and electrification.

Allison is set to supply Oshkosh Corporation with electric axles for North America’s first fully integrated electric refuse vehicle, the McNeilus Volterra ZSL.

Allison has partnered with Anadolu Isuzu to integrate this e-axle into its Novo Volt electric midi coach (7.3-metre), marking the first time the eGen Power 85S will be integrated into a midi coach of this kind.

SWM, which manages 40 percent of Malaysia’s waste collection services, is upgrading its fleet with 250 Hino 500 Series refuse trucks which will pair the Hino J08E-WK engine with the Allison 3000 Series six-speed fully automatic transmission with Power Take-Off.

These buses are equipped with an Allison Torqmatic fully automatic transmission and a Cummins engine aimed at improving fuel efficiency, reducing emissions and lowering engine noise levels. This contributes to the significant growth in Allison’s export bus sales from China.

Allison automatic transmissions - the gearbox of choice in the city buses of Bogotá.

Total net sales came to USD2,769 million, up 15% from USD2,402 million in 2021

The 10th edition of Busworld Turkey is set to take place between the 29th – 31st of May 2024, in Halls 1 & 3 of the Istanbul Expo Centre in the Turkish capital.

DTNA launches its Class 8 Freightliner Cascadia Day Cab (116 in. BBC), paired with the Cummins ISX12N engine and the new Allison 3414 Regional Haul Series automatic transmission.

The companies agreed to test Nikola’s Class 8 battery-electric and hydrogen fuel cell trucks at Allison’s 60,000-square-foot vehicle electrification and environmental test centre in Indianapolis, USA.