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
I have mixed emotions about this, but overall, it sounds good! GM can still source some transmissions from them, and Allison will be a strong, independent, US transmission company as a result. However, it sounds like the 'Allison' branded tranny in the GM full-size trucks and the Dual Mode going into the 'light-duty' vehicles will all stay with GM! A great deal all around! - GMI Member HEVGuy