Allison Transmission And Yutong Expand Presence In Rwanda
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission (ALSN) and Yutong Bus Co., Ltd. are expanding their presence in Rwanda by exporting transit buses equipped with Allison's fully automatic transmissions. A new authorized service location in Rwanda will support Allison's growth in the region. This expansion is part of Allison's global strategy, which includes forming service partnerships worldwide, such as with Penske in Australia and Polska Grupa Zbrojeniowa in Europe.
March 21, 2024 | 8:32 pm
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Allison Transmission is expanding its global presence by exporting buses to Rwanda and opening a new service location, as part of its worldwide growth strategy.
The expansion in Rwanda, including the export of buses equipped with Allison's transmissions and the opening of a new service location, signifies a strategic move to strengthen its global presence and service network. This could positively impact investor sentiment and Allison's stock price in the short term due to the potential for increased revenue and market share in Africa.
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