Ford Plans To Sell Supplier To French Parts-Maker
SALINE, Mich. (AP) — Ford Motor Co. says there's a tentative deal to sell a Saline auto parts plant to a French components maker.
Ford spokeswoman Della DiPietro said Tuesday a memorandum of understanding was signed for a sale to Faurecia SA. The French automaker PSA Peugeot Citroen SA is Faurecia's majority owner.
The plant is 40 miles west of Detroit. United Auto Workers union Local 892 represents most of its 2,300 employees and says it plans contract talks with Faurecia.
The plant makes instrument panels ,floor consoles and other parts for Ford vehicles.
It's owned by Automotive Components Holdings LLC. Ford created the company in 2005 when Ford took back 17 facilities from Visteon Corp., Ford's former parts-making subsidiary.
A deal to sell the plant to Johnson Controls Inc. collapsed in 2008.