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GM Sells Allison Transmission for $5.6B

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 […]

June 28th, 2007 | Posted in Product News | No Comments

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