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Allison Transmission and the Indianapolis Motor Speedway celebrate shared heritage with a ceremony

INDIANAPOLIS, April 22, 2016 /PRNewswire/ -- Representatives of Allison Transmission Holdings Inc. ALSN, +2.83% and the Indianapolis Motor Speedway celebrated their shared heritage and recent centennial milestones this week with a ceremony to honor the 100 [th] running of the Indianapolis 500.

Employees and local dignitaries attended the outdoor event at Allison's global headquarters in Speedway, Ind., several blocks south of the world famous racetrack. The Marmon Wasp, winning car of the first 500-mile race in 1911, was onsite, as well as actors representing the track's four co-founders: James Allison, Carl Fisher, Arthur Newby and Frank Wheeler. As part of the ceremony, the leaders of both companies made remarks and exchanged symbolic gifts.

"We're here today because it's a time of celebration," said Larry Dewey, chairman and CEO of Allison Transmission. "The 100 [th] running of the Indianapolis 500 is a perfect opportunity for our companies to reflect on and renew their century-long relationship."

Allison traces its corporate lineage back to the founding of the Indianapolis Speedway Team Co. on Sept. 14, 1915. As a co-founder of the Indianapolis Motor Speedway and part owner of several racing teams, James Allison, a prominent entrepreneur, innovator and...