GRAND BLANC, Mich. — General Motors (GM) announced today that it is exploring a potential sale of ACDelco, its global independent aftermarket parts business, a brand of GM Service & Parts Operations. GM said in a statement that the sale is expected to promote more rapid growth of ACDelco globally.
Based in Grand Blanc, Mich., ACDelco has approximately 600 employees worldwide. The business provides light-duty maintenance and repair parts and associated services for both GM and non-GM vehicles in more than 100 countries.
This potential sale is one of several initiatives GM is working on in order 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 billion to 4 billion of liquidity. In addition to the ACDelco business, GM is also exploring the potential sale of its Hummer brand and its technical and manufacturing center in Strasbourg, France.
GM has retained Merrill Lynch to assist in this initiative.