Mexican Media Brands
Faurecia Buys Ford Trim Plant
Ford Motor Co. has agreed to sell its interior trim parts plant in Saline, Mich., to Faurecia SA.
#interior
Share
Ford Motor Co. has agreed to sell its interior trim parts plant in Saline, Mich., to Faurecia SA. Terms were not disclosed, but the companies expect to complete the sale on June 1.
The Saline plant, which generates $1.1 billion in annual revenue, is one of three remaining facilities of 17 that Ford took back from its former parts unit Visteon Corp. in 2006.
The factory will become part of a joint venture between Nanterre, France-based Faurecia and Rush Group Ltd., a trucking firm in Wayne, Mich. Faurecia will own 45% of the new venture, called Detroit Manufacturing Systems.
Rush Group, which is owned by Native American entrepreneur Andra Rush, will hold a 55% stake.
DMS will continue to make instrument panels, cockpit modules, center consoles and door panels for a dozen Ford vehicle programs in North America. The new venture also plans to open a new factory in Detroit to do plastic injection molding and trim assembly.
When the deal is completed, Ford will become Faurecia's third-largest customer after Volkswagen and PSA Peugeot Citroen. The latter owns a controlling stake in Faurecia.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Lambo’s Limited Edition Miura Homage
One of the cars that automotive designers everywhere give a hat tip to is the Lamborghini Miura.
-
Injection molding for interiors—including fabrics
Plenty of interior components are injection molded. But some companies—such as VW—are using a process for trim pieces that both mold a component and cover it in fabric in a single molding process. And it is coming to the U.S. in the not-too-distant future.