Allison Transmission Holdings Inc.
Allison Transmission, a leading auto components manufacturer, has announced the acquisition of Dana's Off-Highway business in a strategic move to expand its emerging markets footprint, enhance core technologies, and drive strong financial results. The transaction, valued at approximately $2.7 billion, is expected to be immediately accretive to
Allison Transmission Holdings Inc.
Allison Transmission's venture capital arm, Allison Ventures, has made a strategic investment in Agtonomy, a software and services company specializing in advanced autonomous and AI solutions for agriculture and industrial applications. This investment will support Agtonomy in enhancing commercial productivity and operational efficiency through advanced automation and connectivity.
Allison Transmission Holdings Inc.
Allison Transmission Holdings Inc., a leading global designer and manufacturer of commercial vehicle transmission systems, announced its second quarter financial results, exceeding expectations with a quarterly record of $816 million in net sales. The increase was primarily driven by strong demand for Class 8 vocational vehicles and medium-duty trucks in
Autoliv Inc.
Autoliv, the worldwide leader in automotive safety systems, announced that its Board of Directors has declared a quarterly dividend of 68 cents for the third quarter of 2024. The dividend will be payable on September 23, 2024, to holders of Autoliv common stock listed on the New York Stock Exchange,
Automotive industry
Martinrea International Inc., a diversified and global automotive supplier, announced its financial results for the second quarter ended June 30, 2024, demonstrating a strong performance amidst challenging market conditions. The company's total sales reached $1,301.8 million, with production sales of $1,263.7 million, while adjusted
Allison Transmission Holdings Inc.
Allison Transmission Holdings Inc. has announced its second quarter financial results, with net sales reaching a record $816 million. This quarterly record was driven by an all-time high in net sales of $456 million in the North America On-Highway end market. The company attributes the success to unprecedented demand for
Automobile industry
Penske Truck Leasing, a joint venture of Penske Corporation and General Electric, has unveiled Precision Plus, a comprehensive fleet management system designed to optimize fleet performance and productivity. The system integrates Fleet I.Q., a web-based fleet management platform, with XATA and ORBCOMM systems to provide real-time access to critical
Automobile industry
Aisin Seiki Co. Ltd., a leading Tier One automotive components supplier, has made a significant breakthrough in Intelligent Transportation Systems by developing a technology that can actually park a vehicle for its driver. The Intelligent Parking Assist (IPA) uses an electrically-operated power steering system and back-up guide monitor technology to
Automotive parts industry
A-CMI, the partnership between Alcoa (Aluminum Company of America) and CMI International, is planning to build its first European manufacturing plant in Lista, Norway. The facility will produce cast aluminum parts for the European car industry, starting in 1997, and represents an investment of 260 million kroner ($40 million). The
Automotive parts industry
General Motors Corporation has announced plans to invest $50 million in Delphi Automotive Systems' unit to establish a manufacturing facility in China for steering systems and chassis components. The operations are expected to begin in 1999, producing 500,000 steering systems annually for original equipment manufacturer (OEM) customers. This
Automotive parts industry
Rockwell Automotive's ability to manage information is a key factor in its projected growth in the next decade. According to Robert A. Calder, president of Rockwell Automotive Light Vehicle Systems (LVS), the company's research, engineering, and manufacturing facilities worldwide have contributed to its success. By transferring
Automotive parts industry
Reynolds Metals Company, a leading global supplier of aluminum and aluminum fabricated products, reported record sales and shipments in 1994 to the automotive, truck, and trailer industry worldwide. The company's sales to this industry increased by nearly 23 percent to $730 million in 1994, up from $594 million
