DETROIT -- A good way to remain a Ford Motor Co. supplier is to buy one or more of the 17 factories that Ford is taking back from Visteon Corp., a Ford vice president said.
Al Ver, a 33-year Ford veteran picked to be CEO of the Visteon-jettisoned businesses, said his mission is to fix the businesses and sell them quickly. The transfer was to become official Saturday, Oct. 1.
The factories in Ford's Automotive Components Holdings LLC make products ranging from interiors in Saline, Mich., and chassis components in Monroe, Mich., to powertrain parts in Milan, Mich., and El Jarudo, Mexico.
Ver said 65 companies have contacted Ford expressing an interest in the businesses. He declined to name any. But he said companies that want to be long-term suppliers to Ford - especially in light of Ford's announcement last week to cut its supply base - should consider buying one of the available factories to lock up a sizable book of Ford business.
"If you want to be one of the few folks that are going to be a supplier to Ford, it would certainly be in your best interest to buy one of these businesses that is a major supplier to Ford," Ver said.
He said it wouldn't guarantee future business but would position a supplier to prove itself to Ford if it wasn't already a supplier or expand its presence with the carmaker if it already is a supplier.
The businesses in the holding company represent about $7 billion in annual revenue.
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