Business
Sales Proposal
Sales Proposal.
About this update from Fdm Group (holdings) Plc
[{"type":"text","content":"\n Ford Motor Co\n30 April 2007\n\n\nContact: Media, Investment Community Shareholder Inquiries\n Della DiPietro Larry Heck (Equity) 1.800.555.5259 or \n 1.313.755.2432 1.313.594.0613 1.313.845.8540\n 1.313.720.8095 [email protected] [email protected] \n [email protected]; \n Rob Moeller (Fixed Income)\n 1.313.621.0881 \n [email protected] \n\n\nFORD ANNOUNCES SALES PROPOSAL FOR AUTOMOTIVE COMPONENTS HOLDINGS CONVERCA\nOPERATION\n\n\n• Ford Motor Company and Linamar Corporation have reached a non-binding \n proposal outlining the framework for the sale of the Automotive Components \n Holdings (ACH) Power Transfer Unit business at the Converca I Plant in \n Mexico. \n\n• This is the sixth agreement regarding an ACH business as ACH moves forward \n in determining the future for each of its operations. One business has been \n sold and other sales are pending. \n\nDEARBORN, Mich., Apr. 30, 2007 - Ford Motor Company and Linamar Corporation\ntoday announced a non-binding proposal outlining the framework for the sale of\nthe Automotive Components Holdings' Power Transfer Unit (PTU) business at the\nConverca I Plant in Nuevo Laredo, Mexico.\n\nThe ACH Converca I plant is a leading manufacturer of PTUs in the North American\nauto industry. Part of the transmission, a PTU transfers power between axles in\nall-wheel-drive vehicles.\n\nThis proposal marks the sixth such agreement reached in the last five months.\nACH sold its fuel rail business and its El Jarudo subsidiary in early April.\nSales negotiations are continuing regarding the climate control business and the\nSheldon Road Plant near Plymouth, Mich.; the fascia and fuel tank businesses and\nthe Milan (Mich.) Plant; the ACH propshaft business, which currently is one of\nthe products produced at a Monroe, Mich., facility; and the glass business and\nits plants in Nashville, Tenn., and Tulsa, Okla., and its Vidriocar subsidiary\nin Juarez, Mexico.\n\n'This announcement is another solid sign of progress for our North American Way\nForward plan,' said Mark Fields, Ford's president of The Americas. 'The\nsuccessful approach Ford is taking with our component operations - including\nselling or idling our ACH facilities - will help us achieve our commitment to\nreduce overall operating costs by $5 billion by the end of 2008.'\n\n'We aggressively are pursuing our strategy and we are ve...