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Thread: GM may sell off AC Delco

  1. #1
    Vulture of The Western World Eric's Avatar
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    GM may sell off AC Delco

    General Motors announced today that it is exploring a potential sale of ACDelco, its global independent aftermarket parts business, a brand of GM Service & Parts Operations. A sale is expected to promote more rapid growth of ACDelco globally.

    As the company announced in July, GM is undertaking a number of initiatives to bolster its liquidity position by approximately $15 billion through year-end 2009, including the sale of assets which are expected to generate approximately $2-4 billion of liquidity. In addition to the ACDelco business, GM previously announced it is exploring the potential sale of its Hummer brand and its technical and manufacturing center in Strasbourg, France.

    ACDelco provides light-duty maintenance and repair parts and associated services for both GM and non-GM vehicles in more than 100 countries. Part of GM Service & Parts Operations, ACDelco is headquartered in Grand Blanc, MI, with approximately 600 employees worldwide.

    GM has retained Merrill Lynch to assist in this initiative.

    About ACDelco

    With over 100 years of experience in the automotive aftermarket industry, ACDelco is a global leader in automotive replacement parts and related services. Products include maintenance parts commonly replaced during the lifetime of a vehicle (e.g., batteries, oil filters, air filters, wiper blades, shocks and brakes), as well as repair parts (e.g., alternators, radiators, chassis and heating/cooling components).

    ACDelco is among the world’s best known comprehensive All Makes, All Models providers, featuring high quality auto parts for both GM and non-GM vehicles and services, with the brand’s “genuine OE” reputation signifying high quality replacement parts, support and training in the automotive aftermarket. In the United States, ACDelco offers 37 full product lines with over 100,000 part numbers, comprised of both GM original equipment and All Makes, All Models product.

  2. #2
    Senior Member Kwozzie1's Avatar
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    Re: GM may sell off AC Delco

    I always thought they were GM parts exclusively ....learn something every day.

    Rex
    On the Sunshine Coast, in the Sunshine State Queensland (QLD), Australia

  3. #3
    Senior Member misterdecibel's Avatar
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    Re: GM may sell off AC Delco

    So they're selling AC Delco and keeping MOPAR???

  4. #4
    Senior Member Kwozzie1's Avatar
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    Re: GM may sell off AC Delco

    Quote Originally Posted by misterdecibel
    So they're selling AC Delco and keeping MOPAR???
    Isn't MOPAR part of Chrysler??
    Rex
    On the Sunshine Coast, in the Sunshine State Queensland (QLD), Australia

  5. #5
    Senior Member misterdecibel's Avatar
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    Re: GM may sell off AC Delco

    Quote Originally Posted by Kwozzie1
    Quote Originally Posted by misterdecibel
    So they're selling AC Delco and keeping MOPAR???
    Isn't MOPAR part of Chrysler??
    ...sigh...

    Did you miss all the talk about possible GM takeover of Chrysler, or a merger?

  6. #6
    Senior Member Kwozzie1's Avatar
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    Re: GM may sell off AC Delco

    Quote Originally Posted by misterdecibel

    ...sigh...

    Did you miss all the talk about possible GM takeover of Chrysler, or a merger?
    I actually thought it was a dead duck...will have to get up to speed again
    Rex
    On the Sunshine Coast, in the Sunshine State Queensland (QLD), Australia

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