EX-99 6 k98429exv99.txt NEWS RELEASE DATED SEPTEMBER 13, 2005 EXHIBIT 99 (FORD LOGO) NEWS CONTACT: Della DiPietro Eric Mitchell 313-206-2101 313-845-3302 ddipietr@ford.com emitch15@ford.com FOR IMMEDIATE RELEASE FORD AND VISTEON REACH DEFINITIVE AGREEMENTS ON TRANSFER OF 23 VISTEON FACILITIES TARGETED FOR OCT. 1 - Major step toward creation of Ford-managed, temporary business entity to be named Automotive Components Holdings, LLC - New company will take ownership from Visteon of 17 plants and six offices, research centers and other facilities. - Arrangement protects supply of components to Ford plants while the new entity prepares most of the facilities for sale, allowing Ford to diversify its supply base and expand access to components and technologies with high quality and competitive pricing. DEARBORN, Mich., Sept. 13, 2005 - Ford and Visteon are one step closer to the expected transfer of 17 plants and six offices, research centers and other facilities in the U.S. and Mexico. The transfer is expected to occur on Oct. 1. The two companies announced today the completion of definitive agreements, paving the way for a new, temporary, Ford-managed business entity, Automotive Components Holdings, LLC, to take control of the businesses on Oct. 1. Automotive Components Holdings will prepare most of the businesses for sale to companies with the capital and expertise necessary to supply Ford with components and technologies at competitive prices and high quality. Go to http://media.ford.com for news releases and high-resolution photographs. "The arrangement is a key element of Ford North America's strategy to improve our cost structure while protecting the supply of components," said Al Ver, Ford vice president and chief executive and chief operating officer, Automotive Components Holdings, LLC. "We are preparing business plans for each business to address the gaps with its key competitors. We must move aggressively and quickly to prepare these operations for sale to companies that can take them forward," Ver added. The agreements include the financial arrangements previously announced by the parties on May 25 as part of the Memorandum of Understanding, including the support that Visteon will provide to the new entity through service contracts and leased salaried employees. All of the U.S. employees of Automotive Components Holdings, LLC will be leased employees. About 5,000 Visteon salaried employees, located mostly at facilities that will be part of the transfer, are expected to be assigned by Visteon to work directly with the new company. In addition, about 70 Ford salaried employees will be assigned to the company, as will about 18,000 Ford UAW hourly employees currently working in Visteon facilities. Ford is expected to implement 5,000 buy-outs over time for Ford UAW employees to achieve efficiencies. ### Sept. 13, 2005 Go to http://media.ford.com for news releases and high-resolution photographs. AUTOMOTIVE COMPONENTS HOLDINGS, LLC Plants - 17 Other facilities - 6 PLANTS Autovidrio Plant - Mexico - glass Chesterfield Plant - Chesterfield Twp, MI - seating foam El Jarudo Plant - Mexico - powertrain Indianapolis Plant - Indianapolis, IN - steering components Kansas City VRAP - Kansas City, MO - IP/lamp final assembly/sequencing Lamosa Plants I & II - Mexico - chassis Milan Plant - Milan, MI - powertrain Monroe Plant - Monroe, MI - chassis Nashville Glass Plant - Nashville, TN - glass Rawsonville Plant - Ypsilanti, MI - powertrain & Rawsonville GTC Saline Plant - Saline, MI - interiors Sandusky Plant - Sandusky, OH - lighting/air induction/fuel vapor storage Sheldon Road Plant - Plymouth, MI - climate control Sterling Plants I & II - Sterling Heights, MI - chassis & Sterling Test Labs Tulsa Glass Plant - Tulsa, OK - glass Utica Plant - Shelby Twp, MI - interiors, exteriors Ypsilanti Plant - Ypsilanti, MI - chassis RESEARCH, TESTING AND OTHER FACILITIES Bellevue Site - Bellevue, OH - aftermarket parts assembly & distribution Carlite Warehouse - Lebanon, TN - glass distribution center Commerce Park S. - Bldg D - Dearborn, MI - chassis engineering/glass lab Glass Systems Main Office - Allen Park, MI - glass Product Assurance Center - Dearborn, MI - R & D, testing Technical Center-Dearborn, MI - research & product development ### September 13, 2005 Go to http://media.ford.com for news releases and high-resolution photographs.