April 17, 2009
Dear ACDelco Customer:
As you are aware, ACDelco, General Motors’ global independent aftermarket parts business, has been under strategic review since last October as part of GM’s asset sales strategy. Over the past few months, several parties have expressed significant interest in the business. However, none has been able to provide the value and opportunity we know this brand and business represent.
As we previously communicated to you, our intention has been to not protract these discussions, but bring them to conclusion prudently and in a reasonable timeframe. To that end, and since we have been unable to find a buyer that will provide us the value that we have been seeking, the decision has been made that GM will retain ACDelco. In this way, we believe we will maximize the value of this business for General Motors and
its stakeholders.
ACDelco is clearly one of the most highly recognizable brands in the automotive
aftermarket and has a proven track record of providing high‐quality parts and services for GM and non‐GM vehicles globally. We believe that there is tremendous upside opportunity for ACDelco in the independent aftermarket. We will share more information about ACDelco in the near future. For now, I thank you for your support over these last few months and I look forward to an even stronger ACDelco and General Motors in the near future.
Kevin W. Williams
GMNA Vice President and
General Manager, Service and Parts Operations