Ford To Sell Glass Operations
Wednesday, April 18th 2007, 10:15 am
By: News On 6
DETROIT (AP) _ Ford Motor Company says it has a preliminary agreement to sell three glass plants including the one in Tulsa to a Tulsa-based private investor. Terms of the agreement were not released. Ford is looking to sell its unprofitable Automotive Components Holdings group and says it now has a ``memorandum of understanding'' with Glass Products.
Glass Products was formed by investor Robert Price in Tulsa.
The other two plants in the sale are in Nashville, Tennessee, and Juarez, Mexico.
A final sale depends on reaching a new agreement with the United Auto Workers, as well as state and local government incentives.
9/13/2005 - Ford, Visteon Reach Agreements On Transfer Deal
10/2/2006 - Workers At Tulsa's Glass Plant Prepare For Possible Job Losses