History
ACH was estalblished by Ford Motor Company as a temporary business structure to hold and manage 17 automotive components factories and six research, testing and other facilities acquired from Visteon on October 1, 2005. The plants were acquired by Ford primarily to ensure that its operations were not affected by parts-supply disruptions or Visteon's ability to invest in future programs whilst Visteon was experiencing a period of severe financial challenge.
Two plants – Converca (power transfer units) and El Jarudo (fuel rails) - were sold in 2007. The driveshaft business based at the Monroe Plant was sold to Neapco Drivelines, LLC in January 2008, and its equipment and employees were moved to another location in southeast Michigan. On April 14, 2008 the ACH glass business, including three plants (Nashville, Tulsa and Vidriocar) and the Carlite glass distribution facility, were sold to Zeledyne Glass Products, a company specifically formed to acquire all of the former glass operations of ACH and run them as an independent company. Three facilities - Utica (idled), Monroe (idled), Ypsilanti (idled) - were sold in 2009 and 2010.
Read more about this topic: Automotive Components Holdings
Famous quotes containing the word history:
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“Certainly there is not the fight recorded in Concord history, at least, if in the history of America, that will bear a moment’s comparison with this, whether for the numbers engaged in it, or for the patriotism and heroism displayed.”
—Henry David Thoreau (1817–1862)
“If usually the “present age” is no very long time, still, at our pleasure, or in the service of some such unity of meaning as the history of civilization, or the study of geology, may suggest, we may conceive the present as extending over many centuries, or over a hundred thousand years.”
—Josiah Royce (1855–1916)