Andra Rush has a history of capitalizing on opportunities -- from growing a meager trucking company funded by personal credit cards into a $115 million operation to creating an interiors joint venture with Canadian supplier Magna International Inc.
But a new venture with French auto supplier Faurecia could be her biggest accomplishment -- and challenge -- yet.
Ford Motor Co. sold its $1.1 billion book of business at its Saline, Mich., interiors plant this month to Faurecia. As part of the deal, Faurecia and Rush Group Ltd. created the joint venture Detroit Manufacturing Systems, headquartered in Detroit.
Rush owns 55 percent of the joint venture; Faurecia owns the rest.
The deal, expected to close June 1, will make Detroit Manufacturing Systems one of the largest minority-owned suppliers in the region. Andra Rush, CEO of the new joint venture, descends from the Mohawk tribe in Ontario.
Rush said Detroit Manufacturing Systems plans to hire 500 employees over the next two years.
Detroit Manufacturing Systems will take over 60 percent, or nearly $700 million, of the Ford business. Its first contract with Ford will be to assemble interior parts for the Ford Mustang, Ford Expedition and Lincoln Navigator.
Detroit Manufacturing Systems buys molding equipment from the Saline plant and expects to make parts for Ford, Rush said.