PARIS – General Motors is on the point of selling its GM Strasbourg transmission plant in eastern France to Punch Metals International, a private company based in Belgium that, unlike the auto maker, has managed to find a future product for the plant. Punch Metals plans to build an 8-speed automatic transmission for ZF Friedrichshafen starting in 2014, the year that GM’s commitment to buy 200,000 transmissions annually runs out. No figures have been released, and the sale is ...

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