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Press Release and Photos Courtest of General Motors
General Motors Considering Strategic Options for Allison Transmission
January 25, 2007
NEW YORK -- General Motors (NYSE: GM) today announced that it is looking at strategic options related to its
Allison Transmission commercial and military operations, including a potential sale of the business. 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 of designing, manufacturing and selling cars and light trucks globally.
GM continues to have a strong liquidity position, with more than $20 billion in cash and marketable securities at the
end of the third quarter 2006.
Allison Transmission has a track record of strong business
performance and is the leading seller of automatic transmissions for commercial vehicles. The company designs, engineers,
manufactures and sells automatic transmissions for commercial and military vehicle applications. Headquartered in
Indianapolis, Ind., Allison Transmission employs 3,400 people, has 7 plants in Indianapolis and sells automatic and
powershift transmissions, product parts and support through a worldwide distribution network and sales offices throughout
North America, South America, Europe, Africa and Asia.
General Motors Corp. (NYSE: GM), the
world’s largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs
about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33
countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac,
Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM’s OnStar subsidiary is the
industry leader in vehicle safety, security and information services. More information on GM can be found at
www.gm.com.
Forward-Looking Statements: In this press
release and in related comments by GM's management, we use words like "looking at,” “option,”
“potential,” “plan,” “expect," "intend," "pursue," or
"believe," to identify forward-looking statements that represent our current judgments about possible
future events. We believe these judgments are reasonable, but GM's actual results may differ materially due to a
variety of important factors. Among other items, such factors include possible changes in our strategic plans for
Allison Transmission; the response of potential acquirors, government agencies, suppliers, customers, and other
participants in the industry to our strategic choices; our ability to maintain adequate liquidity and financing
sources including an appropriate level of debt; and general economic conditions. Our most recent annual report on
Form 10-K and quarterly reports on Form 10-Q provide information about some of these factors, which may be revised or
supplemented in future reports to the SEC on those forms.
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