Ford Names Suppliers for Chicago
By Jeff Green (Bloomberg)
Chicago, May 16 (Bloomberg) -- Ford Motor Co. named Visteon Corp., Tower Automotive Inc. and seven other parts suppliers for a Chicago manufacturing park that will support production of two new vehicles at the automaker's factory nearby.
The suppliers will share six buildings at the 155-acre park, which will open next year and reach full operation in 2004, the world's second-largest automaker said in a statement. Ford's first supplier park will serve a Chicago factory that now makes Taurus and Sable sedans and is scheduled to begin producing the CrossTrainer sport-utility and Five Hundred sedan in 2004.
Ford is adding the two vehicles as part of an effort to increase sales by offering more models. The company's U.S. sales fell almost 12 percent this year through April, while the industrywide decline was 1.7 percent. Ford, which had a loss of $5.45 billion last year, in January announced a turnaround plan that includes job cuts, plant closings and new vehicles.
Other suppliers at the Chicago park are Summit Polymers Inc., Sanderson Industries Inc., Plastech Engineered Products Inc., Brose North America Inc., Fiat SpA unit Comau Pico, S-Y Systems Technologies America LLC and ZF-Lemforder, an affiliate of ZF Friedrichshafen AG, Ford said.
Summit, based in Kalamazoo, Michigan, makes plastic interior trim. Atlanta-based Sanderson produces stamped metal parts. Plastech makes interior and exterior parts and is based in Dearborn, Michigan.
Auburn Hills, Michigan-based Brose supplies window switches, door systems and seat adjusters. Wiring producer S-Y Systems is a joint venture of Germany's Siemens VDO Automotive AG and Japan's Yazaki Corp. Comau Pico makes machine tools, while ZF-Lemforder supplies suspension parts.