UPDATE 1-GM looking into selling Allison Transmission


(Recasts throughout, adds details, quote) DETROIT, Jan 25 (Reuters) - In an effort to boost liquidity, General Motors Corp. on Thursday said it is considering strategic options for subsidiary Allison Transmission, including a possible sale. The world's largest automaker, which lost $10.6 billion in 2005 and about $3 billion in the first three quarters of 2006, is in the middle of a restructuring effort that focuses on cutting costs and improving cash flow. "This process is another ...

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