Allison Transmission Purchases Equity Stake in Odyne Systems
New relationship between Allison and Odyne will benefit commercial hybrid trucks with urban drive cycles and high energy requirements while the vehicle is stationaryINDIANAPOLIS, Indiana, USA – Allison Transmission Inc. (NYSE: ALSN), the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and hybrid-propulsion systems for city buses, today announced it has invested in a non-controlling equity stake in Odyne Systems LLC. Odyne, a leading manufacturer of advanced hybrid control systems, designed and developed an innovative plug-in