Torotrak steps up new strategy with Flybrid stake

Allison Transmission has paid £6m (US$9.05m) to retain the exclusive right to build and sell Torotrak main drive transmissions in the commercial vehicle market. It has also bought an additional 8,248,434 new ordinary shares in Torotrak at £0.30255 per share, leaving Torotrak with about £2.5m from the sale. Allison will It’s time to log in … Continued

• By Megan Lampinen
• March 19, 2013