【正文】 Presentation to the Automotive News World Congress Stephen J. Girsky January 2023 Disclosures Analyst Certification Analyst Certification The following analysts hereby certify that their views about the panies and their securities discussed in this report are accurately expressed and that they have not received and will not receive direct or indirect pensation in exchange for expressing specific remendations or views in this report: Stephen J. Girsky. Important US Regulartory Disclosures on Subject Companies The information and opinions in this report were prepared by Man Stanley Co. Incorporated (“Man Stanley”). As of November 28, 2023, Man Stanley beneficially owned 1% or more of a class of mon equity securities of the following panies covered in this report: Delphi, General Motors, Goodyear Tire Rubber, Johnson Controls, Magna Intl Inc., TBC and Tower Automotive. Within the last 12 months, Man Stanley managed or comanaged a public offering of securities of DaimlerChrysler AG, Delphi, Ford, General Motors, Standard Motor Products and Tenneco. Within the last 12 months, Man Stanley, Man Stanley or an affiliate has received pensation for investment banking services from Aftermarket Technology, American Axle and Mfg., BWarner Inc., DaimlerChrysler AG, Delphi, Ford, General Motors, Standard Motor Products, Superior Industries, Tenneco, Tower Automotive and Visteon Corporation. In the next 3 months, Man Stanley expects to receive or intends to seek pensation for investment banking services from Aftermarket Technology, American Axle and Mfg., ArvinMeritor, AutoNation, B Warner Inc., DaimlerChrysler AG, Dana Corp., Delphi, Ford, General Motors, Genuine Parts Co., Goodyear Tire Rubber, Johnson Controls, Lear Corp., Lithia Motors, Magna Intl Inc., Standard Motor Products, Superior Industries, Tenneco, Tower Automotive, United Auto Group and Visteon Corporation. The research analysts, strategist, or research associates principally responsible for the preparation of the research report have received pensation based upon various factors, including quality of research, investor client feedback, stock picking, petitive factors, firm revenues and investment banking revenues. Man Stanley Co. Incorporated makes a market in the securities of Aftermarket Technology, Delphi, Dura Automotive, Ford, General Motors, Magna Intl., TBC and Tower Automotive. Global Stock Ratings Distribution (as of December 31, 2023) (Continued) C o v e r a g e U n i v e r s e I n v e s t m e n t B a n k i n g C l i e n t ( I B C )S t o c k R a t i n g C a t e g o r y C o u n t % o f t o t a l C o u n t % o f t o t a l I B C % o f R a t i n g C a t e g o r yO ve r w e i g h t 592 32 241 38 41E q u a l W e i g h t 856 46 287 46 34U n d e r w e i g h t 402 22 98 16T o t a l 1 , 8 5 0 626Disclosures Disclosures Man Stanley is involved in many businesses that may relate to panies mentioned in this report. These businesses include specialized trading, risk arbitrage and other proprietary trading, fund management, investment services and investment banking. Man Stanley makes every effort to use reliable, prehensive information, but we make no representation that it is accurate or plete. We have no obligation to tell you when opinions or information in this report change apart from when we intend to discontinue research coverage of subject pany. Reports prepared by Man Stanley research personnel are based on public information. Facts and views presented in this report have not been reviewed by, and may not reflect information known to, professionals in other Man Stanley business areas, including investment banking personnel. The value of and ine from your investments may vary because of changes in interest rates or foreign exchange rates, securities prices or market indexes, operational or financial conditions of panies or other factors. There may be time limitations on the exercise of options or other rights in your securities transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. 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