GM considers selling off ACDelco

[jamz]

Filed under: GM
In this economic climate, everyone is looking to generate cash and reduce overhead. And General Motors is certainly no exception, the automotive giant already having announced its intention to sell off its HUMMER brand. The General is also looking to offload its facility in Strasbourg, France. But the biggest sale yet could be the potential divestment from ACDelco, one of GM's parts subsidiaries.
ACDelco has been in operation for over 100 years, and offers no fewer than 37 product lines encompassing some 100,000 different parts on offer, both for GM vehicles and those made by rival automakers. The sale of ACDelco is part of a campaign to raise several billion in liquid assets for GM, and in as bold a sign of the times as any, the corporation has selected Merrill Lynch to manage the sale process. Full details in the press release after the jump.
[Source: General Motors]
Continue reading GM considers selling off ACDelco


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