Automotive Components Holdings, the Ford Motor Co. operation consisting of former Visteon Corp. parts plants, will close its Indianapolis steering systems plant by the end of 2008. The facility employs 1,700 workers making hydraulic steering systems. Much of the industry is switching to electric power steering, a spokeswoman tells the Associated Press, and Ford has not been able to find a buyer for the 50-year-old plant. Most of the workers already have accepted buyout offers, Ford says. ...
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