GM in talks to sell French factory to ZF Friedrichshafen, Punch

[ne_one]

GM in talks to sell French factory to ZF Friedrichshafen, Punch
Automotive News
November 26, 2012

General Motors Co. is in talks to sell its vehicle-transmission factory in Strasbourg, France, to ZF Friedrichshafen and Punch International.

ZF and Punch are bidding jointly to acquire the plant, said GM spokesman Stefan Weinmann. "We continue to be in discussions, but this is not a done deal," he said, declining to specify a possible price.

Punch spokesman Marc Maes said ZF and Punch are in advanced negotiations to produce 8-speed automatic transmissions for ZF at the factory. Torsten Fiddelke, a ZF Friedrichshafen spokesman, confirmed the company was involved in talks on the plant.

About 1,000 people work at the factory, which produced roughly 280,000 six-speed automatic transmissions last year. The plant, founded in 1967, has primarily supplied non-European GM divisions.

Full article at link.

[Burnout Czar]

Who is buying 280,000 transmissions from GM? I know BMW is and either Bentley or Rolls Royce, but really that many? I think this speaks to GM's powertrain engineering prowess.

[BlackGTP]

Who is buying 280,000 transmissions from GM? I know BMW is and either Bentley or Rolls Royce, but really that many? I think this speaks to GM's powertrain engineering prowess.

"...has primarily supplied non-European GM divisions." Soooo..... GM is buying.

[jpd80]

Who is buying 280,000 transmissions from GM? I know BMW is and either Bentley or Rolls Royce, but really that many? I think this speaks to GM's powertrain engineering prowess.

6L45 and 6L50 transmissions are produced there, so I'm thinking Cadillac, BMW, Holden, Daewoo....