GM making sounds of progress
#1
07-03-2007, 09:20 AM
Join Date: Oct 2005
Location: Huntsville, AL
Posts: 5,613
GM making sounds of progress
http://www.thecarconnection.com/Auto...96.A12537.html
This sounds like GM is going to make a serious commitment. Selling off all of their Allison division but for the hybrid plant is a little risky but it may be the only way GM could afford it.
Bob Wilson
. . .
On a side note, GM sold its Allison Transmission division to the Carlyle Group and Onex Corp. last week for $5.6 billion. However, GM excluded from deal an Allison plant inBaltimore, Md., which is scheduled to build the new 2Mode hybrid powertrains.
. . .
GM recently moved 500 engineers working on the company's fuel-cell program from advanced engineering to the GM Powertrain Group, which has to sign-off on the production of all of GM's engines and transmissions.
On a side note, GM sold its Allison Transmission division to the Carlyle Group and Onex Corp. last week for $5.6 billion. However, GM excluded from deal an Allison plant inBaltimore, Md., which is scheduled to build the new 2Mode hybrid powertrains.
. . .
GM recently moved 500 engineers working on the company's fuel-cell program from advanced engineering to the GM Powertrain Group, which has to sign-off on the production of all of GM's engines and transmissions.
Bob Wilson
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