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Article: Allied Holdings Reaches Definitive Agreement to Renew General Motors Contract & Seeks Court Approval.
- Article from:
- PR Newswire
- Article date:
- December 12, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DECATUR, Ga., Dec. 12 /PRNewswire-FirstCall/ -- Allied Holdings, Inc. (Pink Sheets: AHIZQ.PK) announced today that its subsidiary, Allied Automotive Group, Inc., has successfully renewed its vehicle delivery agreement with General Motors Corporation. The agreement with General Motors will extend Allied's current contract through December 31, 2008. Pursuant to the terms of the renewed agreement, Allied has retained all of the vehicle delivery business it currently services for General Motors in North America.
The contract renewal includes increases in the rates paid by General Motors to Allied for vehicle delivery services during calendar years 2006 and in ...