Allison Transmission to acquire Dana’s off-highway business, expanding EV and hybrid drivetrain capabilities

Allison Transmission has announced a definitive agreement to acquire Dana’s Off-Highway business for approximately $2.7 billion. The acquisition, anticipated to close late in the fourth quarter of 2025 pending regulatory approvals, aims to expand Allison’s existing powertrain and electrification product lines, significantly enhancing capabilities in hybrid and electric drivetrain systems Read more…

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