Allison launched the eGen Power 85S for the electric truck market, the latest addition to its range of fully electric CV axles. Furthermore, the company introduced its new 9-speed fully automatic transmission, designed for commercial vehicles operating in stop-and-go conditions, offering improved fuel economy, enhanced performance, and lower maintenance costs.

The companies have successfully completed field tests of the new Cummins X15N 15-litre natural gas engine in combination with Allison’s 4000 Series fully automatic transmission. The results showed significant improvements in fuel efficiency, engine braking, and power during shifting, making the combination ideal for heavy-duty operations.

Allison states that many Chinese-built buses are now equipped with its Torqmatic series, a range of fully automatic transmissions for engine ratings ranging from 172 kilowatts (230hp) to 283 (380hp), specifically designed for suburban buses and tour coaches.

The ‘Novo Volt’ is a coach measuring approximately 7.3 metres in length and carrying up to 29 passengers.

Allison has invested USD 10 million in fellow American VC firm, EnerTech Capital, which focus on helping develop companies that specialise in mobility technologies. A strategic move by Allison, which aims to leverage these technologies (electrification, connectivity, autonomy and digitalisation) and integrate them into its own business.

This is claimed to be the first time school minibuses have been fitted with automatic transmissions.

Agrale stated that this new chassis took many months of development work by its engineering team in Brazil to design a product that would meet not only the needs of customers in Argentina and other South American markets, but also to meet international standards export beyond the continent.

The company has equipped 115 Iveco Eurocargo ML150 4×4 trucks with the Allison 3000 Series six-speed fully automatic transmission with Power Take-Off. Built to handle steep inclines, the trucks have been shipped and will be in service across several Australian states facing bushfire emergencies.

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.