It appears that General Motors might be on the lookout to become more financially sound by downsizing the number of global facilities they have to care for. Located in Strasbourg, France, the automaker’s transmission plant could go up for sale fairly soon to a worthy investor. A “comprehensive strategic review” is currently underway to determine how much of the plant’s assets will be included in the potential transaction. Not only could the manufacturing facility find new owners, GM’s engineering and product development operations at Strasbourg could go along for the ride.
If a “for sale” sign gets slapped to the building’s flanks, there is a solid chance ties won’t be completely cut with the General. The intent is to find a buyer who would continue operations with the already established workforce, supply base and customers. They are even looking into a way for powertrain production at Strasbourg to continue so that its global six speed automatics can still find their way into GM products. GM has enlisted an outside financial advisor to address the various bids. If things go according to plan, the approximate 1,000 people strong workforce will continue on to pump out some of the best transmissions on the market today.
Source: General Motors
