Ford finds no buyers for its Visteon plants: US automaker has spent nearly a year trying to sell 20 plants, technical centers.(News)(Ford Motor Co., Visteon Automotive Systems)

Automotive News Europe,  September, 2006  by Barkholz, David; Sherefkin, Robert

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Byline: David Barkholz, Robert Sherefkin

After 11 months of trying, Ford Motor has yet to sell a single one of the former Visteon factories in the US that it absorbed last autumn.

With each passing day, the unprofitable former Visteon assets, now known as Automotive Components Holdings, risk losing value as Ford concedes market share and cuts production.

The automaker is chopping vehicle production 21 percent in the fourth quarter. That will trim the $7 billion (about [euro]5.5 billion) in annual Ford sales recorded by Automotive Components Holdings' 14 plants and six ...

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