GM's Allison, Aisin Seiki to end joint venture


DETROIT, July 27 (Reuters) - The joint venture between General Motors Corp.'s Allison Transmission unit and Japanese car parts maker Aisin Seiki Co. will end on July 31, the companies said on Friday.

The ten-year Aisin General Motors Allison joint venture focused on light-medium- and heavy-duty trucks and buses in the Japanese commercial vehicle market, the companies said.

GM in June agreed to sell the Allison Transmission unit for $5.6 billion to private equity firms Carlyle Group [CYL.UL] and Onex Corp. .



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