DETROIT -- Ford Motor Co. has sold its blow-molded fuel tank business in Milan, Michigan, to Inergy Automotive Systems. The transaction was completed on June 1.
According to the agreement, the fuel tank operation will be moved over the next three years to a factory Inergy Automotive will build in southeast Michigan.
Inergy Automotive, a wholly owned subsidiary of France's Plastic Omnium, has three factories in North America. The fuel tank operation is a unit of Ford's Automotive Components Holdings unit, which has five plants.
In 2005, Visteon Corp. spun off a number of plants to its former parent, Ford, which in turn set up Automotive Components Holdings to sell those operations.
Plastic Omnium ranks No. 40 on the Automotive News Europe list of the top 100 suppliers to North America with parts sales to automakers of $1.09 billion in its 2010 fiscal year.