UPDATE: GM options for Allison Transmission include sale

January 25, 2007
General Motors Corp. today made official a long-expected announcement that it is considering a sale among other options for its Indianapolis-based Allison Transmission commercial and military operations.

GM said in a brief statement that the facility in the 4700 block of West 10th Street “is not central to GM’s mission” of selling cars and light trucks. Allison Transmission employs 3,400 people.

No time frame was included in the announcement.

General Motors, which has owned the Allison Transmission since 1929, said last fall it was looking into options for the plant.
An attempt to sell the operation to ZF Friedrichshafen AG of Germany fell through in 1993 when the U.S. Justice Department filed a lawsuit, Bloomberg reported.
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