Penske Receives 1M Transmission from Allison Transmission

READING, Pa., July 12, 2011 - Penske Truck Leasing today announced that it has received from Allison Transmission Inc., the premier global designer and manufacturer of medium and heavy-duty automatic transmissions and hybrid propulsion systems, the company’s one millionth 3000 Series transmission. The historic unit has been specified in a Freightliner M2 chassis and is being utilized by longtime Penske lease customer East Penn Manufacturing of Lyon Station, Pa.

"We’re very pleased to be in receipt of a milestone Allison 3000 series transmission," said Brian Hard, Penske Truck Leasing President and CEO. "Allison and Penske have enjoyed a long and successful working relationship. We are fortunate to provide this leased vehicle to a valued customer like East Penn Manufacturing."

"East Penn has been specifying premium Allison automatic transmissions since 2002," said Mike Dietrich, East Penn Fleet Operations Manager. "We currently have over 50 Allison transmissions in our fleet. Allison transmissions have delivered the superior dependability and performance that our company needs so our trucks can deliver the highest level of customer service."

Jim Wanaselja, Vice President of North American Marketing, Sales and Service for Allison Transmission added, "Allison Transmission is proud to be able to celebrate this milestone with valued customers East Penn, Penske and Daimler Trucks North America."

A plaque commemorating the special transmission has been given to all parties involved.

Allison 3000 Series transmissions are used in a variety of applications including, distribution, refuse, construction, school buses, fire and emergency vehicles and motorhomes. Allison fully automatic transmissions, with torque converter technology, provide superior acceleration, higher productivity, increased fuel efficiency, reduced operating costs, less driveline shock and smoother shifting relative to both manual transmissions and automated manual transmissions.

Allison Transmission, Inc. (Allison) is the world’s largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. Allison products are specified by over 300 of the world’s leading vehicle manufacturers and are used in many market sectors including bus, refuse, fire, construction, distribution, military and specialty applications. Founded in 1915, the Allison business is headquartered in Indianapolis, Indiana, U.S.A. and employs approximately 2,750 people. Regional headquarters with dedicated support staff are located in China, The Netherlands, Brazil, India and Japan. With a global presence in 80 countries, Allison has over 1,500 distributor and dealer locations. More information about Allison is available at www.allisontransmission.com.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation, Penske Automotive Group and General Electric. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management, and supply chain management solutions. To learn more about Penske’s products and services please visit www.GoPenske.com and our "Move Ahead" blog.