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 Subscribe to Automotive World to … Continued

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

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https://www.automotiveworld.com/articles/torotrak-steps-up-new-strategy-with-flybrid-stake/

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