General Motors Corp. said on June 28th, 2007, 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.

Will manufacturing, production, and support go to China and India in the near future?  How many jobs will be lost in the United States?  We report – you decide.