General Motors and Motors Liquidation Company (MLC) signed an agreement under which GM will purchase the GM Strasbourg operations, a transmission development and manufacturing business in Strasbourg, France, from MLC. Closing of the agreement is expected to take place within the next months.
With a production plant and a development center near the port of Strasbourg, the Strasbourg facility is a leading manufacturer of six-speed automatic transmissions. Customers of the Strasbourg plant include GM operations around the world as well as third-party car manufacturers.
The plant was founded in 1967. It is a major industrial employer in the Strasbourg region providing approximately 1,100 jobs currently. GM’s acquisition brings the manufacturing facility into GM’s global manufacturing network, and adds development capability to GM’s global engineering network. The proven expertise of GM Strasbourg is an important asset for GM in a core area of the business.
