Allison Transmission is providing its e-axle solution to Peterbilt for evaluation on Powerful Electric Class 8 Truck
INDIANAPOLIS, 24 April, 2019 — Amidst the global pursuit of electrification in the commercial vehicle industry, Allison Transmission, a global leader in commercial-duty propulsion solutions, announced the development of highly efficient and powerful axles for electric vehicles.
Allison’s AXE Series propulsion system will deliver viable, industry-changing electric solutions for the market. Launched at the 2019 Advanced Clean Transportation (ACT) Expo in Long Beach, California, the AXE Series electric powertrain will be integrated in Peterbilt’s Model 579EV electric Class 8 truck for evaluation and testing. As a result, the truck features 1,475 horsepower (1,100 kilowatts), delivering industry-leading performance as well as efficiency.
“Allison is pleased to be building upon its legacy of innovation and believe this product will be a significant step in taking the industry to the next level of electrification,” said David S. Graziosi, Allison Transmission President and CEO. “We value this opportunity to work with an industry leader.”
Peterbilt’s 579EV model electric Class 8 truck is on display in the Peterbilt booth at ACT Expo (booth 1934) featuring Allison’s innovative AXE Series e-axle.
25 Apr, 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 2,700 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.