MOU Signed

Ford Motor Co
18 April 2007


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FORD AND GLASS PRODUCTS REACH MOU FOR 
AUTOMOTIVE COMPONENTS HOLDINGS GLASS BUSINESS  
 
     •  Ford Motor Company and Tulsa-based Glass Products have reached a 
        Memorandum of Understanding (MOU) outlining a framework for the sale of 
        the Automotive Components Holdings' Glass Operations. 

     •  This MOU brings to five the number of ACH businesses sold or currently 
        involved in negotiations toward sales agreements. 

     •  Automotive Components Holdings was created in October 2005 to ensure 
        the flow of critical components to Ford and to significantly reduce 
        Ford's material costs over time. Operational costs as well as quality 
        and delivery measures have significantly improved since ACH's formation. 

DEARBORN, Mich., Apr. 18, 2007 - Ford Motor Company and Glass Products today
announced the signing of a Memorandum of Understanding (MOU), the first step
toward the sale of the Automotive Components Holdings (ACH) Glass Operations and
its plants in Nashville, Tenn., and Tulsa, Okla., and its subsidiary Vidriocar
in Juarez, Mexico. 


ACH Glass Operations supply architectural glass, original equipment and
aftermarket glass for Ford cars and trucks, and aftermarket glass for vehicles
of other makes. It supplied original equipment glass for about 2.7 million
vehicles last year. About 1,600 full-time employees work in the operations. 

'This MOU is another solid sign of progress for our North American Way Forward
plan,' said Mark Fields, Ford's President of The Americas. 'The successful
approach Ford is taking with our component operations - including selling or
idling our ACH facilities - will help us achieve our commitment to reduce
overall operating costs by $5 billion by the end of 2008.' 


With this agreement, ACH has sold one business and has signed MOUs outlining the
framework for the sale of four others. The ACH fuel rail business and its El
Jarudo subsidiary were sold recently. Negotiations are continuing regarding the
climate control business and the Sheldon Road Plant near Plymouth, Mich.; the
fascia and fuel tank businesses and the Milan (Mich.) Plant; and the ACH
propshaft business, which currently is one of the products produced at a Monroe,
Mich., facility. 

'We are particularly pleased to announce a MOU for the sale of the Glass
Operations,' said Al Ver, ACH CEO and COO and Ford vice president. 'Sale of
these operations has been in various stages of discussion and negotiation for
many years. We believe this agreement represents the best option for the
continued success of these facilities in the years ahead.' 


Glass Products was formed by Robert Price, a Tulsa-based private investor and
experienced business leader with a strong record of success in the natural gas
industry, logistics, and medical facility management. 


'I am excited by this new venture, especially with its potential of growth for a
business that has been a hallmark of the Tulsa business community for many
years,' said Price, who serves as chairman of Glass Products. 


The final agreement is contingent upon a new and competitive agreement with the
UAW, as well as state and local government incentives. 


ACH is a temporary company established and managed by Ford to ensure the flow of
quality components and systems while preparing the automotive component
operations for sale or idling. Today, the $4 billion company and its 12 plants
are supported by 12,000 full-time employees, mostly leased from Visteon or Ford.


Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles in 200 markets across six
continents. With more than 280,000 employees and more than 100 plants worldwide,
the company's core and affiliated automotive brands include Ford, Jaguar, Land
Rover, Lincoln, Mercury, Volvo, Aston Martin, and Mazda. The company provides
financial services through Ford Motor Credit Company. For more information
regarding Fords products, please visit www.fordvehicles.com. 
 
 



Go to http://media.ford.com for news releases and high resolution photograhps.


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