DETROIT -- Oxford Automotive Inc. is breaking apart, starting with the planned sale of its new plant in Alabama to a Spanish automotive supplier.
The company also is trying to sell its plants in Indiana and Michigan to another buyer but plans to keep its European operations.
Oxford, of Troy, Mich., manufactures stamped and welded metal assemblies.
Oxford ranks No. 88 on the Automotive News list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $1.0 billion in 2003.
Last week, Oxford CEO David Treadwell confirmed that Corporacion Gestamp will buy Oxford's
$100 million plant in McCalla, Ala. Treadwell declined to reveal the sale price.