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The Fishers Town Council last night approved rezoning a portion of land at the site of the proposed RiverPlace project to allow residential units in addition to an already planned retail and business district, according to WXIN-TV Fox 59. The development will be located at 96th Street and Allisonville Road. Plans for the site include […]

A private equity consortium of Carlyle Group and Onex Corp. has bid the most for Allison Transmission, according to the Financial Times, which quoted anonymous sources. Owner General Motors wouldn’t comment, but the newspaper said the Carlyle and Onex bid was awaiting approval from the United Auto Workers last week. The other bidders-a party that […]

Allison Transmission could ramp up military sales under ownership by Carlyle Group and another private equity firm, a local business leader said.Although Indianapolis-based Allison emphasizes manufacturing truck transmissions, the company could see sales of transmissions for tanks and other military vehicles soar if Carlyle and Onex Corp. win an auction for the General Motors division, […]

General Motors Corp. said today it has sold its Allison Transmission division to The Carlyle Group and Onex Corp. for $5.6 billion. Virtually all of Allison will shift to Washington, D.C.-based Carlyle and Toronto-based Onex. GM is keeping a production facility in Baltimore, Md. The sale, anticipated in a story published in the Financial Times […]

Allison Transmission has sold $1.1 billion of unsecured notes to help pay for Carlyle Group and Onex Corp.’s acquisition of the transmission maker from General Motors Corp., according to Bloomberg. General Motors said June 28 that it would sell Indianapolis-based Allison for $5.6 billion to Carlyle, based in Washington, D.C., and Onex, of Toronto. Allison […]

Underwriters have postponed the sale of $3.1 billion in loans that would pay for the leveraged buyout of General Motors Corp.’s Allison Transmission unit, according to The Wall Street Journal. Officials for Citigroup, Lehman Brothers and Merrill Lynch, which were planning to sell the loans, were met with a cool reception from potential investors, the […]

Indianapolis-based Allison Transmission said today it has ended a decade-long agreement with Aisin Seiki Co. of Japan, which sold Allison transmissions and parts in Japan, according to Bloomberg. Allison parent General Motors Corp. announced June 28 that it had sold Allison to The Carlyle Group and Onex Corp. for $5.6 billion. The deal is expected […]

General Motors Corp. said today it has completed its $5.6 billion sale of Allison Transmission to Carlyle Group, based in Washington, D.C., and Onex, of Toronto. Allison employs about 3,400 in Indianapolis. Observers have said the equity firms’ ownership likely would benefit the Indianapolis operation because Carlyle has deep military and government connections that could […]

The United Auto Workers has launched a national strike against General Motors Corp., GM spokesman Dan Flores said today. It’s the first nationwide strike during auto contract negotiations since 1976, when Ford Motor Co. plants were shut down. Workers walked off the job and began picketing today outside GM plants after the 11 a.m. UAW […]

General Motors Corp.’s stamping plant in Indianapolis would be allowed to close or be sold under the tentative contract with the United Auto Workers, according to a detailed copy of the agreement. According to the detailed document, called the “white book,” work at the Indianapolis stamping operation will continue or be reallocated to another GM […]