Faurecia takes a minority stake in Detroit Manufacturing Systems

Article by Christian Andrei, on May 2, 2012

The North American arm of French supplier Faurecia North America struck a deal and was able to close its union negotiations in Saline, Mich., near Ann Arbor, according to a source. As a result, Faurecia is now the minority stakeholder in Rush Group's joint venture, Detroit Manufacturing Systems LLC.

Faurecia has been in talks to buy the former Ford/Visteon plant in Saline from Automotive Components Holdings since the month of August. It’s not yet clear what parts would be made by the joint venture. The Saline plant is one of the largest interiors parts plants in the area.

It produces door panels, instrument panels, center consoles and other interior trim for several Ford's major vehicles, such as the Focus and Taurus. UAW Local 892 President Mark Caruso recently told Patch.com that Faurecia will use a quarter of the 1.6 million-square-foot plant and will move 600 of the facility’s 2,300 workers to Detroit Manufacturing's plant located in the Gateway Industrial Center in Detroit, as part of the joint venture.

It’s not yet clear if Detroit Manufacturing will be running in any capacity at the Saline facility. Rush spokesman John Mozena said that the company won’t reveal any details that are part of the talks.

Detroit Manufacturing and Faurecia will reveal the information related to the joint venture within a few days. In addition, Ford is expected to unveil an agreement with the venture at the same time. France-based Faurecia supplies interior products with a revenue of $21.4 billion in 2011. [source: Autonews]

Topics: faurecia

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