Editor's note: This story is part of the WardsAuto digital archive, which may include content that was first published in print, or in different web layouts.
During Roger Smith's tenure as GM's chairman, high-technology was the order of the day, and the Magnaquench magnet operation in Anderson, IN, was supposed to revolutionize the corporation's small-motor business. Now, GM appears ready to sell the business to Beijing's San Huan Group Inc. for $70 million, reports The Detroit News, as part of its components-group consolidation. Magnaquench would be the last of a list of 14 GM components businesses targeted for divestiture. "GM is just flushing us down the toilet," says one employee. "How can they claim we're a drag on GM's resources? We're out here working seven days a week, 12 and 15 hours a day."
