NEW YORK -- Ford Motor Co. will close three parts plants it took back from Visteon Corp., a top executive said Wednesday.
Mark Fields, Ford's president of the Americas, said the automaker fielded more than 100 inquiries about plants in the Automotive Components Holdings group. The group was formed last year to manage 17 plants and six offices Ford took back from Visteon as part of a $2.25 billion bailout.
Ford is looking to sell most of the plants. But Fields said Wednesday that three plants would be closed. They are:
- Chesterfield Township, Mich., will close in the third quarter of this year. It makes seating foam.
- Kansas City, Mo., will close in the fourth quarter of this year. It performs final assembly and sequencing of instrument panels and headlamps.
- Ypsilanti, Mich., will close in the future, but the time has not been determined. It makes chassis parts.
Fields also said about 2,300 workers at Automotive Components Holdings plants have accepted buyouts to leave their jobs.
Speaking at the Morgan Stanley Global Automotive Conference in New York, Fields said that Ford has a goal of 5,000 job cuts via buyouts for the group.
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