December 5, 2006

Ford to sell its climate control business

Dearborn, Michigan – Ford Motor Company has announced it has signed a Memorandum of Understanding with Valeo to sell its Automotive Components Holdings climate control business, including its Sheldon Road Plant in Plymouth Township, Michigan. The business will be sold to Valeo as soon as possible.

The Sheldon Road Plant produces automotive climate control systems and components for a number of Ford vehicles; it employs about 1,250 people, including salaried employees leased from Visteon, and UAW hourly employees leased from Ford. It is part of Automotive Components Holdings, a Ford-managed temporary company formed in October 2005.

“This is an important step for Ford’s North American operations and the Way Forward Acceleration Plan, especially as we seek to reduce material costs over time,” says Mark Fields, executive vice-president of Ford.

Automotive Components Holdings produces interior, climate, chassis and powertrain components, operating 11 plants in the U.S. and three in Mexico.

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