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07-06-2007, 10:13 AM
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GM Sells Allison Transmission unit for $5.6 Billion
AP - General Motors Corp. said Thursday 6/28 it has agreed to sell its Allison Transmission commercial and military business for about $5.6 billion to the private investment firms The Carlyle Group and Onex Corp. The sale includes seven manufacturing plants in Indianapolis and its global distribution network and sales offices. A production facility in Baltimore, which produces conventional and hybrid transmissions for pickup trucks and sport utility vehicles, will remain with GM.
Source: http://biz.yahoo.com/ap/070628/gm_allison.html?.v=1
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Jason Miller Webmaster / Founder     
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07-08-2007, 09:08 PM
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Re: GM Sells Allison Transmission unit for $5.6 Billion
Yep, lets just sell it off piece by piece. Give the CEO a 450 million dollar bonus and call it good!
Makes me sick
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2004 Bonneville GXP Model Discontinued 2005 RED SRT-10 QC Model Discontinued
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