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GM to sell Allison Transmission Unit

 
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Hart Bus



Age: 69
Joined: 24 Apr 2007
Posts: 1128

PostPosted: Fri Jun 29, 2007 10:02 am    Post subject: GM to sell Allison Transmission Unit Reply with quote

GM announced the sale, yesterday, of the above unit to private investors for (I think) 5 billion as part of their restructuring. Proceeds are going to shore up GM's Balance Sheet.[/list]
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Q65A



Age: 61
Joined: 17 Apr 2007
Posts: 1690
Location: Central NJ

PostPosted: Fri Jun 29, 2007 3:39 pm    Post subject: Reply with quote

Interesting; I suppose it is not an unexpected move as part of the "de-industrialization of GM". They got out of trucks, buses, diesel locomotives, diesel engines, and now heavy duty automatic transmissions; they really do want to focus on consumer products (vehicles and financing).
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Mr. Linsky
BusTalk's Offical Welcoming Committee



Joined: 16 Apr 2007
Posts: 5071
Location: BRENTWOOD, CA. - WOODMERE, N.Y.

PostPosted: Mon Jul 02, 2007 11:57 pm    Post subject: 'GM' Reply with quote

Not quite!

I fully expect to see the sale of the Cadillac, Buick, Pontiac, Chevolet and Saturn divisions shortly which should just about finish GM off altogether!

And, what's with financing? they sold most of GMAC which was a 'breadwinner' for them.

Forget it!, we're watching an 'empire' fall flat on its face!

What's next?

Mr. Linsky
"The Green Hornet"
Green Bus Lines, Jamaica and Arverne, New York
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