Allison Transmission Delivers 4000th Automatic Transmission for Light Commercial Bus

Allison Transmission’s fully automatic transmission has the advantage of excellent economic feasibility, easy driving, reliability and power

SEOUL, South Korea, April 22, 2022 – Allison Transmission delivered its 4000th fully automatic transmission specified for light commercial buses and hosted a celebration of the delivery with local customer, Daewoo Tour.

“Thanks to light commercial bus customers who experienced the excellent benefits of fully automatic transmissions and showed unwavering trust, Allison Transmission has been able to greet its 4000th customer,” said Kyoungmee Lee, Regional Director of Allison Transmission Korea. “We will continue to make efforts to achieve the best customer satisfaction in the 7-meter bus market through better service and technical support.”

Allison Transmission has been supplying fully automatic transmissions for the light commercial bus market in Korea since July 2013. Allison Transmission recently delivered a small gift and shared gratitude to Yang Hyung-Koo, president of Daewoo Tour at a a customer appreciation event held in Yeonsu-dong, Incheon, on their receipt of the 4000th light commercial bus with an Allison transmission.

Yang Hyung-Koo is operating Hyundai County buses, which are equipped with Allison Transmission’s fully automatic transmission. Yang is currently in charge of commuting and shuttle operation to the Dementia Prevention Center.

“This is my second time purchasing a County equipped with an Allison fully automatic transmission,” said Yang. “Because Allison transmissions are fuel-efficient in both street and high-way sections, and have low maintenance costs compared to manual transmissions, I can proudly recommend Allison fully automatic transmissions to my acquaintances.”

Allison currently supplies the Allison 1000 Series™ to Hyundai Motor County (T 1000 xFE™) and Lestar (T 1000) of Daewoo Bus Co., Ltd., and has a high market share in the light commercial bus market due to the excellent performance and economics of its fully automatic transmissions.

In particular, Allison fully automatic transmissions have the advantage of excellent economic feasibility compared to manual transmissions. Unlike manual transmissions which require additional maintenance costs for replacing clutch wear, the Allison Automatics do not use a clutch, which result in no maintenance costs being incurred other than replacing oil and filters.

Allison fully automatic transmissions provide optimal shift strategies that consider various driving conditions such as the number of persons on board, road conditions and cargo weight in order to maintain an appropriate balance between performance and fuel economy. Therefore, it is highly fuel-efficient and has no output interference, so it is able to perform its best regardless of the engine power. Allison fully automatic transmissions also do not require separate clutch and gear operations, so drivers can solely focus on driving.

26 Apr, 2022

Back

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 approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Legal

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.