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Automotive News, July, 2007
GM will sell Allison unit
DETROIT - General Motors last week agreed to sell its Allison Transmission commercial and military business to the private equity firms Carlyle Group and Onex Corp. for about $5.6 billion. The agreement encompasses seven manufacturing operations in Indianapolis and a worldwide sales and distribution network.
GM said it will keep a plant in Baltimore that makes conventional and hybrid two-mode transmissions used in its light trucks. The transaction is expected to close in the third quarter.
Honda gets high marks
DETROIT - Honda Motor Co. scored big in the annual J.D. Power and Associates APEAL study, winning more best-in-segment awards than any other automaker. Honda models captured the top spot in four of...
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