Six Visteon plants in Nuevo Laredo, Nuevo León and Chihuahua are among several Visteon plants in North America to be taken over by Ford Motor Company.

      The agreement with Ford provides for significant structural changes to Visteon’s North American manufacturing operations. When finalized, the transaction is expected to increase Visteon’s competitiveness by streamlining and improving the cost structure of its North American operations.

      “This is a milestone agreement which, upon completion, will create a more competitive business structure for Visteon in the United States and remove a number of structural barriers to the company’s long-term sustainable success,” said Mike Johnston, Visteon’s chairman-elect and chief executive officer. “Visteon will have a more competitive North American structure, a more balanced global customer portfolio and a healthy regional mix. We will be able to accelerate our focus on products most valued by our customers and be well-positioned for growth.”

      The Mexico plants affected are Autovidrio, which makes auto glass in Ciudad Chihuahua; El Jarudo, which assembles powertrains in Ciudad Chihuahua; Lamosa I, II and III in Nuevo Laredo, which manufactures chassis and powertrains; and Vitro Flex in Nuevo León, which manufactures glass.

      Going forward, a smaller, leaner Visteon will focus its engineering and capital resources on products that have been generating significant new business with major vehicle manufacturers – interiors, climate control and electronics, including lighting. Visteon has significant global scale in these products and intends to strengthen its position through...

 ...Continued in the pages of Twin Plant News, Subscribe Today!