NYSE:ALSNMachinery
Does GM’s Truck Ramp and Earnings Beat Change The Bull Case For Allison Transmission (ALSN)?
Allison Transmission recently reported quarterly revenues of US$737 million, a 7.4% year-on-year decline but ahead of analyst expectations, while General Motors previously announced it would add a sixth workday at its Flint Assembly plant to boost output of Chevrolet Silverado and GMC Sierra heavy-duty pickups.
Together, better-than-expected earnings and GM’s plan to increase heavy-duty truck production highlight how Allison’s cost discipline and exposure to workhorse vehicles can support...