GM Tries to Sell Its Gearbox Factory in France image

General Motors puts for sale its gearbox factory in Strasbourg, France for the second time in the last four years.

The company hopes to find bidders that will keep the factory running, were it employs 1, 000 workers. In 2008 the company attempted to sell the plant, which produces automatic transmissions for its brands as well as for BMW.

“The company intends to pursue potential buyers that will continue operations with the existing workforce, supply base and customers,” GM said in a statement.

In 2010 GM bought back the factory for one euro after the company charged with liquidating GM assets couldn’t find a buyer. In 2011 the plant manufactured 280,000 six-speed transmissions, for vehicle assembly outside Europe. The GM models which are supplied by the factory include the Cadillac CTS and Chevrolet Camaro.

GM said that the decision of selling the plant has nothing to do with its new alliance with Peugeot. Under the agreement announced on February 29th both companies are planning joint development and production of future cars and technologies.