Ford Motor Co. and automotive supplier Valeo SA sign a memorandum of understanding for the sale of the Automotive Components Holdings LLC climate control business and Sheldon Road Plant in Plymouth Township, MI. ACH is composed of 14 unwanted manufacturing plants and other facilities Ford acquired from former subsidiary Visteon Corp. last year. The MOU paves the way for a definitive agreement and sale of the business to Valeo as soon as possible, Ford says. The Sheldon Road facility ...

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