(Reuters) - GM shares reacted by rising more than 2 percent, hitting their highest level since January 2005, on speculation that the automaker could use the proceeds from the Allison sale to fund a cost-cutting deal on health care in upcoming talks with the United Auto Workers union.
GM said the sale would include almost all of the Allison Transmission unit's assets, including seven manufacturing plants in Indianapolis and the unit's worldwide distribution network.
Read more at Reuters.com Bonds News
GM said the sale would include almost all of the Allison Transmission unit's assets, including seven manufacturing plants in Indianapolis and the unit's worldwide distribution network.
Read more at Reuters.com Bonds News
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