- Allison Transmission Holdings Inc ALSN has announced New Flyer Industries Canada ULC and New Flyer of America Inc (New Flyer) will begin offering eGen Flex electric hybrid propulsion system in early 2022.
- New Flyer is a transit bus manufacturer and a subsidiary of NFI Group Inc NFYEF.
- Allison's eGen Flex system is capable of full-electric drive for up to 10 miles. It improves fuel economy by up to 25% versus a conventional clean diesel bus.
- Price Action: ALSN shares closed lower by 1.08% at $35.74 on Tuesday.
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