GM Sells Locomotive Unit to Equity Groups
From Reuters
General Motors Corp. said it had agreed to sell its money-losing locomotive unit to two U.S. equity groups, the latest divestiture by the world’s largest automaker aimed at raising cash.
Terms of the purchase of GM Electro-Motive by Rye, N.Y.-based Greenbriar Equity Group and Boston-based Berkshire Partners were not released.
