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U.K.-based Torotrak plc said it has signed a global licensing agreement with Allison Transmission Inc.

Publication: Diesel Progress North American Edition
Publication Date: 01-APR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: U.K.-based Torotrak plc said it has signed a global licensing agreement with Allison Transmission Inc.(GLOBAL BUSINESS NOTES)(General Motors Corp. Allison Transmission Div.)(Brief article)

Article Excerpt
U.K.-based Torotrak plc said it has signed a global licensing agreement with Allison Transmission Inc., under which Allison gets approximately 10% equity stake in Torotrak, which develops full-toroidal traction-drive transmission technology for the automotive, commercial vehicle, off-highway and outdoor power equipment markets. Besides the equity stake, Allison gains licensing...

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