GM Selling Allison Transmission

Allison, acquired by General Motors in 1929 upon the death of company founder James Allison, is the subject of an agreement to sell for 5.6 billion dollars. The buyers? The Carlyle Group and Onex Corp. Under the General's stewardship, the division built many a bus, truck and tank transmission, as well as one of the… » 6/28/07 6:00pm 6/28/07 6:00pm