Allison Transmission Delivers 2 Millionth 1000/2000 Series Transmission
INDIANAPOLIS, January 11, 2021 – Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, is pleased to announce the delivery of its 2 millionth 1000/2000 Series transmission,
a milestone in the company’s history of providing reliable, durable transmissions for light and medium duty commercial vehicles. The transmission was delivered to Penske Truck Leasing, a leading global transportation services provider.
“We are proud to reach this meaningful milestone in the production and delivery of the 1000/2000 Series transmission,” said Rod Luke, Executive Director of Plant 4 1000/2000 Series Production at Allison Transmission. “This accomplishment
speaks to Allison’s longstanding commitment to manufacturing high-quality propulsion solutions that are proven to help our fleet customers operate more efficiently and improve the way the world works. Reliability is Allison’s tradition,
and our 1000 and 2000 Series product line has been a cornerstone in establishing Allison’s reputation for quality, reliability, and durability since the launch of this product in 1998.”
Allison’s 1000 Series™ and 2000 Series™ can be found everywhere in our communities, from ambulances to school buses, to municipal, and distribution and delivery trucks that support essential businesses and critical infrastructure and
support services. The 1000 and 2000 Series products remain the industry benchmark in a market that serves uncompromising end users.
Allison celebrated the delivery of its 2 millionth 1000/2000 Series transmission during an event hosted at the company’s headquarters in Indianapolis. Penske Truck Leasing was in attendance for the celebration to formally accept the milestone unit.
“At Penske, we equip our medium duty commercial vehicles with Allison fully automatic transmissions because of the world class assembly, attention to detail and commitment to excellence. We know we can count on them to operate reliably and maximize
productivity for our fleet and our customers,” said Paul Rosa, Senior Vice President of Procurement and Fleet Planning, Penske Truck Leasing. “We’re thrilled to receive Allison’s 2 millionth 1000/2000 Series transmission, and
we look forward to our continued partnership.”
Jan 11, 2022
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.