French auto parts maker Faurecia SA says it's acquiring an interior components plant in Michigan and creating a joint venture to make parts at a separate plant in Detroit.
Faurecia and Rush Group announced Thursday that they're creating Detroit Manufacturing Systems, a joint venture to build and automotive interior components in Detroit. The companies say the venture expects to employ about 500 people in Detroit within the next three years and will make parts at first for Ford Motor Co.
The Automotive Components Holdings LLC plant Faurecia is buying is in Saline. It's located 40 miles west of Detroit and makes parts for Ford vehicles.
Ford created ACH in 2005 when Ford took back 17 facilities from Visteon Corp. A tentative deal to sell the plant was announced in August.