GMC to offer 10-speed fully automatic Allison branded transmissions in 2020 Sierra Heavy Duties
GM to produce Allison 10-speed transmission for GMC Sierra Heavy Duty trucks
INDIANAPOLIS—January 23, 2019—Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully automatic transmissions, announced today, along with GMC, the availability of a 10-speed, fully automatic transmission in the new Sierra heavy-duty truck. Equipped with the Allison branded 10-speed transmission, the 2020 Sierra will debut in February 2019.
“Trailering is the most important consideration for Sierra Heavy Duty customers and the new features and technologies, including the Allison fully automatic transmission make it easier than ever to hitch a trailer and tow it confidently,” said Jaclyn McQuaid, GMC Vehicle Chief Engineer, Heavy Duty Trucks. “The all-new 10-speed transmission with closer gear spacing allows the engine to operate in an optimal range at all times with varying load and terrain conditions.”
The Allison branded automatic transmission, manufactured by General Motors, combines enhanced performance and fuel economy, greater operational flexibility, and improved driver comfort and control, with an industry-leading reputation for uptime and reliability. Designed for high-performance and low-maintenance, the Allison 10-speed coupled with GMC’s Duramax diesel engines provide the superior power delivery and productivity customers demand.
“We are pleased that General Motors continues to expand the range of Allison products available for their customers with the Sierra,” said John Coll, senior vice president of global marketing, sales & service, Allison Transmission. “Allison Transmission and GM have a long history of collaboration and innovation.”
Jan 23, 2019
About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in electric hybrid-propulsion systems for city buses. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA and employs approximately 2,900 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 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.