GM in talks to sell a plant in France
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GM in talks to sell a plant in France

GM in talks to sell a plant in France

General Motors has confirmed that it is in exclusive talks with the Belgian company Punch Metals International over the sale of a site in Strasbourg, eastern France, AFP has reported. "In a best-case scenario, the sale will be completed by the end of the year," a GM spokesman told the news service. The sale involves a production site and a research centre, and according to GM the Belgian group will arrive with orders from a German client, ZF. Punch plans to manufacture a new eight-speed transmission at the plant, with production expected to begin in 2015 and extend to 2021, the spokesman said.

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