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Allison invests in British engineering firm: Torotrak's gearless transmission will diversify markets.

Publication: Indianapolis Business Journal
Publication Date: 04-MAY-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Allison invests in British engineering firm: Torotrak's gearless transmission will diversify markets.(General Motors Corp. Allison Transmission Div.)

Article Excerpt
Though plagued by debt, Allison Transmission recently plowed millions of dollars into experimental technology that could lead to new products.

The company entered a $10.4 million deal in March with Torotrak plc, a British firm that's been trying for more than a decade to bring its gearless transmission to market.

"When I saw Allison tie up with this company called Torotrak, I think they're looking toward the future," said Jay Baron, president of the Center for Automotive Research in Ann Arbor, Mich.

The deal gives Indianapolis-based Allison a 10-percent stake in Torotrak, plus the right to license the British firm's technology. The deal includes options...



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