General Motors has announced that it has signed an agreement with Motors Liquidation Company (MLC) wherein GM will purchase the Strasbourg transmission development and manufacturing center in Strasbourg, France.
Just in case you’re a bit foggy on Motors Liquidation Company, it’s the “bad” GM that was left in bankruptcy court from which the new “good” GM purchased the assets that The General puts to use today.
GM expects to finalize the purchase agreement for the plant within the next few months. The facility is used for manufacturing six-speed automatic transmissions and serves third-party car manufacturers as well as GM’s own products worldwide. The 6L50 GM’s Hydra-Matic transmission, for example, is used in the current Cadillac CTS, last-generation SRX and STS, the Chevrolet Camaro, as well as the Holden Commodore and Statesman lines. The 6L45 ransmission, also made at Strasbourg, is used by BMW in the 1 and 3 series as well as the X1 and X3.
According to GM, the plant was founded in 1967 and is a major industrial employer in the Strasbourg region, employing about 1,100 people.