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GENERAL MOTORS SEEKS BUYER FOR ALLISON TRANSMISSION DIVISION

 GENERAL MOTORS SEEKS BUYER FOR ALLISON TRANSMISSION DIVISION
 DETROIT, Jan. 14 /PRNewswire/ -- General Motors (NYSE: GM) announced today that it is actively seeking a buyer for Allison Transmission Division, located in Indianapolis.
 William E. Hoglund, executive vice president in charge of GM's Automotive Components Group and the Power Products and Defense Group, said the Indianapolis-based GM division produces medium- and heavy-duty automatic transmissions for trucks, buses, military and off-highway vehicles.
 "This action is consistent with the strategic priorities GM has set to focus its total energies and resources on improving the competitive position of its core business sectors to achieve its long-term goal of increasing the value of GM to its stockholders," Hoglund said.
 "GM regards Allison Transmission Division as a highly successful and important business," he said. "It has been the driving force in the development and marketing of automatic transmissions for commercial and military vehicles since the mid-40's. We expect the business will continue to focus on the high level products and service it provides to its long-time partners and customers in North America and overseas, and the governments which rely on its defense products."
 He said that most of the heavy-duty automatic transmissions operating in North America and nearly 10 percent of those outside North America were made by Allison Transmission Division. A sale, according to Hoglund, "is intended to position this vital business to continue and enhance its contribution to the industries it serves for the benefit of customers, employees, suppliers, business partners, and stockholders."
 Allison Transmission Division currently employs approximately 5,900 hourly and salaried employees with all but about 200 employees based in Indianapolis.
 Commenting on the action today, Allison General Manager Robert M. Clark said, "Allison Transmission, which has enjoyed its 63-year relationship with General Motors, is a solid business with tremendous growth potential and could operate very well either independently or with another solid partner.
 "We created the heavy-duty automatic transmission business and are strong in the North American market. In recent years, we have concentrated our efforts on international markets where the potential is significant.
 "We would make an exciting partner for any company that shares our commitment and enthusiasm for cutting-edge technology, superior quality products and people, and a dedication to serve our customers around the globe."
 According to Clark, Allison Transmission Division intends to maintain the stability of its current operations during the transition period. "We are firmly dedicated to continue to operate this business with a commitment to serving our customers, employees, business partners, and the community," Clark said.
 -0- 1/14/92
 /CONTACT: Charles C. Licari of General Motors, 313-556-6910; or Dollyne Pettingill of Allison Transmission Division, 317-242-2616/
 (GM) CO: General Motors Corporation; Allison Transmission Division ST: Michigan, Indiana IN: AUT SU:


DH -- DE015 -- 9538 01/14/92 12:02 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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