Contact Us

Home> International News> News detail

GM may sell Indianapolis-based Allison Transmission

From Associated Press| January 26,2007

General Motors Corp. said Thursday that it may sell its Allison Transmission division as part of its effort to raise money and focus on its core business.

GM said in a news release that "it is looking at strategic options" for the Indianapolis-based transmission unit "including a potential sale of the business."

The world's leading automaker lost $3.05 billion in the first three quarters of 2006.

Allison Transmission has 3,400 employees and seven plants in Indianapolis. It makes and sells automatic transmissions for commercial and military vehicles.

"This process is another potential step in GM's plan to improve liquidity through the assessment of strategic options for a business that is not central to GM's mission of designing, manufacturing and selling cars and light trucks globally," the company said.

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com.

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Gasgoo.com Corporation and its licensors. All rights reserved.