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

By admin - Posted on January 29th, 2008
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Dearborn, Mich., Jan. 23, 2008 – 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.

Highlights:
* Ford Motor Company, Automotive Components Holdings (ACH) and Neapco Drivelines have signed definitive agreements for the sale of ACH’s driveshaft business.
* This sale will be the third for ACH operations and it demonstrates progress in Ford’s strategy to reduce material costs over time by selling or idling ACH operations.

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