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Originally Posted by Desert Dan
Why sell for $5.57 billion if Allison has sales of about $2 billion a year??
GM must need cash fast.
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What's the profit per year, not the sales. GM has enourmous sales but low profits. I would not say GM needs cash FAST, they have about 18 billion in case assets, and they are starting to make small profits after expenses.
What the papers around here are reporting is that GM wants to get back to its core business, making cars/trucks.