Allison Transmission Recognized as Supplier of the Year by Idealease
INDIANAPOLIS, October 19, 2022 – Allison Transmission is honored to announce that the company has been named Supplier of the Year by Idealease, a premier commercial truck lease and rental company in North America, with over 45,000 trucks, tractors and trailers in their fleet. The award, which Allison also received in 2018, was recently announced at the Idealease 40th Annual Meeting.
“We’re proud to recognize Allison as Supplier of the Year for the second time in four years,” said Dan Murphy, President and CEO of Idealease. “We appreciate their customer service responsiveness, ability to forge relationships at every level and willingness to visit our affiliate locations in the field. Allison has become a truly valued partner of our organization.”
Each year, members of the Idealease management team and partner representatives evaluate top suppliers based on a range of criteria, including new product development, product quality, customer satisfaction, field and warranty support, and a supplier’s ability to meet these criteria on an ongoing basis.
“Allison is honored to receive this award as a result of the exceptional efforts of many of our employees to build a true partnership across Idealease’s organization and with their affiliates across North America,” said Steve Roberts, National Accounts Manager, Allison Transmission. “Our team has worked hard to deliver on the needs of Idealease and its customers, and we remain focused on continuing to grow our relationship in the future.”
Idealease is comprised of over 430 dealer-affiliated locations. The company offers full-service leasing, rental, dedicated maintenance for customer-owned vehicles and innovative fleet safety and compliance services. Idealease operates one of the largest medium-duty fleets in the world.
Oct 19, 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.