June 13, 2007
Ford sells plant in Sandusky, Ohio
Vancouver 2010 Winter Olympic license plate; photo courtesy BCPL8s.ca. Click image to enlarge
Detroit, Michigan – Ford has signed a memorandum of understanding with Meridian Automotive Systems for the sale of Automotive Components Holdings’ (ACH) lighting business and its plant in Sandusky, Ohio. With this announcement, ACH, a temporary company managed by Ford, has sold one plant and has signed memorandums related to eight additional plants during the past six months.
The Sandusky Plant’s primary product is automotive lighting, including front, rear and signal lights. The plant produces lighting for about 60 per cent of Ford’s North American vehicle production.
“This announcement represents more progress with our Way Forward plan,” says Mark Fields, Ford’s president of The Americas. “The successful approach Ford is taking with our component operations, including selling or idling our ACH facilities, will help us achieve our commitment to reduce overall operating costs by $5 billion (U.S.) by the end of 2008.”
Other ACH businesses in negotiations for sale include glass, fascias, fuel tanks, climate control systems, propshafts, and power transfer units. The ACH fuel rail business and its El Jarudo, Mexico subsidiary were sold at the end of the first quarter of 2007. The Sandusky sale is contingent upon reaching a new and competitive agreement with the United Auto Workers union.