Ford, Meridian Sign MOU on ACH Sandusky Plant Sale

Ford Motor Company and Meridian Automotive Systems have announced Monday in a organization press release this week a Memorandum of Understanding (MOU), outlining a framework for the sale of Automotive Components Holdings’ lighting company and its Sandusky, Ohio plant. ACH has so far now sold a single plant and signed MOUs related to eight added plants for the duration of the previous six months. The main item produced at the ACH Sandusky Plant is automotive lighting, including front, rear and signal lights. These merchandise are located on a number of Ford vehicles from the Focus to the Expedition, and about 60 % of Ford’s North American vehicle production. The announcement, says Mark Fields, Ford’s president of The Americas, represents more progress with the company’s Way Forward plan, “The successful approach Ford is taking with our part operations – which includes selling or idling our ACH facilities – will assist us attain our dedication to lessen overall operating expenses by $ five billion by the end of 2008.” At the end of the very first quarter the ACH fuel rail enterprise was sold along with its El Jarudo subsidiary. Other ACH corporations presently in negotiations for final agreement and sale contain glass, fascias and fuel tanks, climate management systems, propshafts, and energy transfer units (PTU). “The response from the marketplace has been far better than expected,” said Al Ver, ACH CEO and COO and Ford Motor Firm vice president. “We feel that is due, in big measure, to the substantial improvement in the quality, on-time delivery and expense-effectiveness of our operations for the duration of the previous year and a half.” Automotive Components Holdings is a short-term company managed by Ford, established in October 2005 with former Visteon part operations. ACH’s mission is to make sure the flow of high quality parts and methods although preparing the ACH automotive element operations for sale or idling. The $ 4 billion organization and its 12 plants are currently supported by about 12,000 full-time employees, mainly leased from Visteon or Ford. Richard Newsted, Meridian’s president and CEO mentioned, “Obtaining the Sandusky, Ohio facility is a logical extension of our engineering and manufacturing experience in lighting.” “We are excited about the opportunity to increase the long-expression competitive position of this operation and broaden our strengths and capabilities in lighting technology.” The sale is contingent upon reaching a new and competitive agreement with the United Auto Employees. Ford Motor Organization, a international automotive sector leader primarily based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 260,000 employees and about a hundred plants worldwide, the company’s core and affiliated automotive brands incorporate Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda (maker of top rated of the line Mazda spark plug wire). The business gives monetary services by means of Ford Motor Credit Business. For much more details relating to Ford’s products, please pay a visit to http://www.fordvehicles.com.

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