December 19, 2006
Ford sells Mexican fuel rail manufacturing plant
Dearborn, Michigan – Ford Motor Company has announced that Cooper-Standard Automotive has signed a Memorandum of Understanding to purchase the company’s fuel rail manufacturing operations in El Jarudo, Mexico. The plant, which employs about 500 people, is part of Automotive Components Holdings, a Ford-managed temporary company formed in October 2005.
“This MOU (Memorandum of Understanding) represents more progress as our North American Way Forward plan moves into high gear,” says Mark Fields, president of The Americans and Ford executive vice-president. “This is another positive sign of progress toward our commitment to sell selected operations by the end of 2008.”
Automotive Components Holdings produces automotive and architectural glass, and automotive interior, climate, chassis and powertrain components at ten plants in the U.S. and three in Mexico. Cooper-Standard Automotive Inc., headquartered in Novi, Michigan, manufactures and markets systems and components for the automotive industry.