Faurecia enters deal to buy Ford’s interior parts business

Article by Christian Andrei, on May 4, 2012

Faurecia SA has entered a deal to buy the interior parts business of Ford Motor Co. located at its Saline, Mich. plant for an amount that has yet to be disclosed, according to Ford’s announcement. Faurecia, which is based in Paris, will acquire the Saline site found near Ann Arbor, Mich. It supplies cockpit modules, instrument panels, door panels and center consoles to Ford plants.

It has reported annual sales of $1.1 billion. The deal was first reported last Wednesday by Crain's Detroit Business, an Automotive News affiliate. Ford's Automotive Components Holdings unit is the owner of this plant, which produces automotive interiors for vehicles like the Ford F-150.

Ford would be the third-biggest customer of Faurecia after Volkswagen AG and PSA Peugeot Citroen, its majority shareholder. Ford’s ACH unit will still be the owner of the Saline unit, which Faurecia will lease. Faurecia said that it will make a Detroit-based joint venture with Rush Group Ltd. The statement said that Faurecia would have a 45% stake in the company, which will make injection molding and assemble interior trim parts.

UAW, which supported the transaction, will fill 500 jobs at the new Detroit factory. In a statement, Jimmy Settles, director of the UAW's Ford department, said that he is “pleased” that the jobs for UAW members as well as those in the communities will be protected because of the sale of the Saline ACH business. He added that the UAW is dedicated to promoting diversity and is hoping to continue its relationship with the Rush Group.

Topics: faurecia, ford

If you liked the article, share on:


Login or Create new account to add a comment!


We’re all excited as the year comes to an end especially as there are several things we’ve highly anticipated. Like always, the car industry has something new to offer; that’s...
by - October 28, 2016
Fuel economy is now an everyday term we hear and read in the automotive world. Just recently, some car manufacturers got into serious trouble for claiming false statements with regard...
by - October 28, 2016
More than three decades ago, the DeLorean DMC-12 was produced by the DeLorean Motor Company. However, production was stopped due to issues within the company. The car itself was decent...
by - October 27, 2016
Tesla is making sure that all models under production will receive the necessary advanced hardware that will allow them to be autonomously driven. The fitment of these advanced hardware to...
by - October 27, 2016
Wondering how fast the 2017 Chevrolet Camaro ZL1 in actual driving? To provide customers a good idea on how fast the 2017 Camaro ZL1 could really get, Chevrolet recently had...
by - October 27, 2016