The United Auto Workers union says its members have approved a plan to bail out parts maker Visteon Corp., with nearly 90% voting in favor of the proposal.

The plan calls for Ford Motor Co. to take control of 24 Visteon U.S. plants, which eventually will be sold or closed. Ford Back in Parts Business (See related story: Ford Back in Parts Business).

The companies are expected to sign a final agreement Aug. 1 and close the deal by the end of September.