According to Jalopnik , GM could be somewhat cash-strapped, and may be considering selling their medium-heavy truck Allison transmission division to raise some cash.
GM, of course denies that there is a cash shortage. Even so, here's a quote from their press release on this subject:
"This process is another potential step in GM's plan to improve liquidity through the assessment of strategic options for a business that is not central to GM's mission..."
So, you decide... Full story here ...
estreka says:
02:37 PM, 01/26/07
GM is really selling their moneymakers. First GMAC, now their Allison lineup. What's next? Sell all their plants in Mexico and Canada and only use the high overhead American plants?