Allison Transmission 1Q Profits, Revenue Drop

Indianapolis-based Allison Transmission Holdings Inc. reported declines in profit and revenue during its first quarter. Net income in the quarter totaled $48.3 million, down from $68.4 million during the same period last year. The company says net sales were also down 8% to $462.1 million from $503.6 million a year ago, driven by lower demand in the global […]