GM agrees to sell businessGeneral Motors Corp. has signed...


July 21, 1994

GM agrees to sell business

General Motors Corp. has signed a definitive agreement to sell all of its starting motor, remanufacturing and forge businesses run by its former Delco Remy division to a venture-capital company headed by former Chrysler Corp. President Harold K. Sperlich. GM had intended to keep a 20 percent stake in the business under a memorandum of understanding signed in November.

Baltimore Sun Articles
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.