GM sell Allison transmission for 5.6 billion!

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BuckyT

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Allison has been a part of GM since the beginning. AL Sloan thought it was a great thing to have as a competitive advantage over Ford.
I think we're seeing GM get back to it's core and selling off big chunks - Delphi, Allison, GMAC might give them the necessary cash to pay down their pension fund problems and do some R&D.
 
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