UPDATE 1-Ford to sell last business in auto parts unit

Newswire

By Deepa Seetharaman Oct 29 (Reuters) - Ford Motor Co, the No. 2 U.S. automaker, said on Monday that it would sell its last remaining auto parts company to a joint venture between French supplier Valeo SA and a former Detroit Pistons basketball player. The sale of Ford's Plymouth Township, Michigan-based climate control business fulfills the goal of its Automotive Components Holdings, a unit created in 2005 to manage plants that Ford acquired ...

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