Allison Transmission Holdings, Inc. Reports Impairment of Long-Lived Assets for the First Quarter Ended March 31, 2024 and Provides Impairment of Long-Lived Assets Guidance Year Ending December 31, 2024
April 26, 2024 at 01:36 am IST
Share
Allison Transmission Holdings, Inc. reported impairment of long-lived assets for the first quarter ended March 31, 2024. For the quarter, the company's loss associated with impairment of long-lived assets was $1 million.
The company provided impairment of long-lived assets guidance year ending December 31, 2024. The company expects loss associated with impairment of long-lived assets to be $1 million - $1 million.
Allison Transmission Holdings, Inc. is a designer and manufacturer of propulsion solutions for commercial and defense vehicles. The Company is also a manufacturer of medium-and heavy-duty fully automatic transmissions. Its products are used in a variety of applications, including on-highway trucks, including distribution, refuse, construction, fire and emergency; buses, including school, transit and coach; motorhomes, off-highway vehicles, and equipment, including energy, mining and construction applications; and defense vehicles, including tactical wheeled and tracked. The Company operates in approximately 150 countries. The Company has manufacturing facilities in the United States, 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. The Company also has approximately 1,600 independent distributor and dealer locations worldwide.
Allison Transmission Holdings, Inc. Reports Impairment of Long-Lived Assets for the First Quarter Ended March 31, 2024 and Provides Impairment of Long-Lived Assets Guidance Year Ending December 31, 2024
ALLISON TRANSMISSION HOLDINGS, INC. 
