GM Sells Allison - Diesel Truck Forum - TheDieselGarage.com
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post #1 of 1 (permalink) Old 08-03-2007, 09:31 PM Thread Starter
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GM Sells Allison

My apologies if this has been previously posted:

FOR RELEASE: 2007-06-28

GM Agrees to Sell Allison Transmission to The Carlyle Group and Onex



NEW YORK - General Motors Corp. (NYSE: GM) today announced that it has reached a definitive agreement for the company to sell its Allison Transmission (Allison) commercial and military business to The Carlyle Group (Carlyle) and Onex Corporation (Onex) for approximately $5.6 billion.

The sale agreement covers substantially all of Allison Transmission, including seven manufacturing facilities in Indianapolis, Ind. and its worldwide distribution network and sales offices. The production facility in Baltimore, Md. is dedicated to the production of conventional and hybrid 2MODE transmissions used in GM's retail pick-up trucks and SUVs and will remain with GM.


Full news release:

http://media.gm.com/servlet/GatewayS...74&docid=37387

- Steve

2004.5 2500HD CCSB, 4x4, D/A, tow tune, TD-EOC

Goodies occupying space in garage: Corsa full exhaust, Isspro gauges, KB CAI

2006 Tahoe Transport 33WTB; 14,000 lbs.
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