As the company announced in July, GM is undertaking a number of
initiatives to bolster its liquidity position by approximately
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
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
About General Motors
General Motors Corp. (NYSE: GM), the world's largest automaker, has been
the annual global industry sales leader for 77 years. Founded in 1908, GM
today employs about 266,000 people around the world. With global headquarters
in
Genuine GM Parts and accessories are sold under the GM, GM Performance Parts, GM Goodwrench and ACDelco brands through GM Service & Parts Operations, which supplies GM dealerships and distributors worldwide. GM engines and transmissions are marketed through GM Powertrain.
Forward-Looking Statements:
In this press release and in related comments by GM's management, we use words like "explore," "promote," "expect," "pursue," or "could," to identify forward-looking statements that represent our current judgments about possible future events. We believe these judgments are reasonable, but GM's actual results may differ materially due to a variety of important factors. Among other items, such factors include possible changes in our strategic plans for ACDelco; the response of potential acquirers, government agencies, suppliers, customers, and other participants in the industry to our strategic choices; the availability of credit in the financial market; and general economic conditions.
Our most recent annual report on Form 10-K and quarterly reports on Form 10-Q provide information about some of these factors, which may be revised or supplemented in future reports to the SEC on those forms.
SOURCE General Motors Corporation