Home Add to Favorite Contact Submit  
           22 October, 2020


    
Category:  Press » Automotive

 

Ford, ACH and Neapco Drivelines Sign Final Agreements for Sale of Automotive Components Holdings' Driveshaft Business

Popularity:
         Views: 1383
2008-01-24 02:44:05     
Ford Motor Company

Ford Motor Company, Automotive Components Holdings LLC and Neapco Drivelines, LLC today signed definitive agreements for the sale of the ACH driveshaft business currently located in the ACH Monroe (Mich.) Plant. The transfer of the business will begin next week and continue through the rest of the year.

This announcement follows the recent UAW ratification of the collective bargaining agreement negotiated with Neapco.

Neapco is opening a 345,000 sq. ft. state-of-the-art manufacturing facility in Van Buren Township, Mich.

Approximately 300 salaried and hourly employees from the Monroe Plant and associated technical and support staffs are being offered positions at the new facility.

Approximately 30 percent of the Monroe Plant's 1,100 employees are associated with the driveshaft business. The majority of the salaried employees currently are leased to ACH from Visteon and the majority of the UAW hourly employees are leased from Ford.

"This is another sign of progress toward achievement of our ACH strategy and our pathway to profitability in North America in 2009," said Mark Fields, Ford executive vice president and president of The Americas.

Added Bill Connelly, CEO, Automotive Components Holdings: "This is our third sale and the first involving a U.S. business. It represents another important step toward our goal to improve the competitiveness of these operations under new ownership and improve Ford's material costs."

Neapco Drivelines, LLC and its parent company, Neapco LLC, are headquartered in Pottstown, Pa. Wanxiang Group, which is headquartered in Hangzhou, China, is the majority investor in Neapco, LLC. Neapco, LLC supplies drivelines, steering shafts and components for OEM and aftermarket automotive, truck, agricultural, off-highway and specialty vehicle applications from its facilities in Pennsylvania, Nebraska and Mexico.

"We are pleased to add the Ford driveshaft business and the expertise of the ACH people to our organization," said Robert Hawkey, Neapco president and CEO. "The Wanxiang Group and Neapco are growing globally through strategic acquisitions of innovative driveline products and technologies. We are very appreciative of the support and encouragement we have received from the state, the local community and the United Auto Workers to maintain this business in Michigan."

Automotive Components Holdings was established by Ford Motor Company in October 2005 to ensure the flow of quality components and systems to Ford, while the 17 ACH plants, formerly owned by Visteon, are prepared for sale or other disposition. After this sale is complete, ACH will have 11 plants supported by about 10,500 leased hourly and salaried employees.

About Ford Motor Company

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 260,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding the company and its products visit http://www.ford.com.

URL: http://www.ford.com
Print press release      Bookmark this page
Related Press releases 
Trucks Plus USA Announces 2015 Dodge JOURNEY SE SPORT UTILITY 4D (Popularity: ): Yakima, Washington ( press.abc-directory.com ) November 2, 2018 - Trucks Plus USA is the only Eastern Washington dealer with Nationally Certified Pre-Owned vehicles. It is the premier destination for powerful trucks in the Union Gap, WA area. They have everything from fully customized used trucks in Yakima WA to the SUVs, including this 2015 Dodge Journey.When asked about their service, the spokesperson replied "As one of the leading Yakima SUV ...
Halifax Used Cars Agency Announces Cash Back Offers for Select Customers (Popularity: ): Dartmouth, NS ( abc-directory.com ) July 4, 2018 - Hayden Agencies is a one-stop shop for people looking for used cars in Halifax. They have been offering a wide range of vehicles, including SUVs, trucks, coupes, hatchbacks, sedans, and ATVs, for more than thirty years. The used car dealer has recently announced a slew of discounts, including cash back offers, referral credits, and discounts for select customers.Potential customers can now ...
Metro Limo Cars Launches Its New Website For Limo Service in Oakland County & Surrounding Areas (Popularity: ): Southgate, MI —October 17, 2016— Metro Limo Cars, a professional and reliable company offering airport transportation and limousine service in Oakland, MI and areas is pleased to announce the launch of its new website. Located at limomacombcounty.com/, the new website offers an easy and quick access to essential information about Metro Limo Cars and its very popular and trusted airport limo service in Oakland County, MI and limo service in ...
Custom Corvette Accessories Announces the Launch of Their Brand New Website (Popularity: ): Manassas, Virginia ( press.abc-directory.com ) September 28, 2016 - Today's online shoppers are a lot savvy than they were just a few years ago. With this in mind, Custom Corvette Accessories designed a new website with many new features tailored to streamlining the purchase of Corvette parts and accessories.The great minds behind "Corvettepartsandaccessories.com" are proud to announce the launch of their brand new website. To meet the sky-rocketing demand for ...
Shenzhen Eelink Communication Launches New Vehicle GPS Products This Month (Popularity: ): Shenzhen, Guangdong ( press.abc-directory.com ) February 23, 2015 - Great news for those looking for some GPS vehicle tracking system, Shenzhen Eelink Communication Technology Co Ltd has recently launched a wide range of new GPS vehicle trackers.A name of big repute across international GPS tracking equipments scene, Shenzhen Eelink has been operating since 2004. Initially founded to cater to domestic Sino market, the Chinese company also operates for South East ...

Press release home snapshot 


Related Business 
Ford trucks for sale (Popularity: ): US Ford Trucks are having astonishing place in the entire economy of the nation. The Ford company is quite popular in the people and is hauling many of the records like having the largest chain of F series Pickup trucks, longest manufacturing of any series in any of the automotive vehicles, staying in top three in the U.S. market for consecutive three decades and many more of the achievements are ...
ACH File Management Software Solutions (Popularity: ): Our software solutions help you manage NACHA compliant ACH files. You can create many types of ACH files – pay employees via direct deposit, receive payments from customers, pay the vendors, bills payment, batch processing for payroll providers. We do NOT process ACH payments like banks or ACH processor. We help you manage ACH files using state of the art ACH File Management Software - lets you create many formats ...
Clutch Component Manufacturer (Popularity: ): Namdhari Clutch India is an experienced Manufacturer, Supplier and Exporter of Automotive Components. Our wide range of durable Automotive Components encompasses Clutch Components, Brake Shoe and Disc Brake Pad. We are engaged in designing quality Automotive Components, which enable excellent automotive performance for years and years. We make sure to use high-grade steel and friction material to produce the Automotive Components, which gives them long life. We have a wide ...
Driveline Service of Portland, Inc. (Popularity: ): Specializes in universal joint driveshafts and other driveshaft designs, including constant velocity joints, metal disc and other driveshaft couplings for mechanical power transmission.
Merimen Holdings (Popularity: ): Offers automotive claims management and business-to-business software.
National ACH (Popularity: ): National ACH provides ACH payment processing, perfect for property management, utilities, government, or any company where customers pay bills online, offering maximum flexibility.
Ford Dealers Ireland (Popularity: ): Finding your new used Ford couldn't be easier. With probably the best selection of used Ford cars in Ireland at your fingertips we have made the search process as user friendly as we can. All the Ford cars for sale have independent car history checks and come with warranties. Because we only list cars from approved SIMI Ford dealers you know that your purchase is backed by the consumer protection ...
Ford Dealers Ireland (Popularity: ): Finding your new ford car couldn't be easier. With probably the best selection of used ford cars in Ireland at your fingertips we have made the search process as user friendly as we can. All the Ford cars for sale have independent car history checks and come with warranties. Because we only list cars from approved SIMI Ford dealers you know that your purchase is backed by the consumer protection ...
Bailey Morris Limited (Popularity: ): Propshaft and driveshaft manufacturers, repairers and modifiers. Suppliers of universal joints, centre bearings and components.
Ford Online Parts: Original Ford Motor Parts (Popularity: ): If you need to replace or need any Ford part. FordOnlineParts.com is your one stop for all quality manufacture parts. We're are a Ford dealer located in San Diego, CA and we supply you with all your ford parts. We strive to be your first and last choice when searching for a online Ford Parts supplier. We understand the importance of return customers can determine the success of a business. ...