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Notes to the Financial Statements
Ford Motor Company | 2007 Annual Report 95
NOTE 20. DISCONTINUED OPERATIONS, HELD-FOR-SALE OPERATIONS, OTHER DISPOSITIONS, AND
ACQUISITIONS (Continued)
Converca Plant. In 2007, we sold to the Linamar Corporation the major part of our Converca plant, a component of
ACH in Mexico, which produces power transfer units. As a result of the transaction, ACH reported a pre-tax gain on the
sale of $3 million, net of transaction costs and liabilities assumed, reported in Automotive interest income and other non-
operating income/(expense), net.
The Converca assets sold in 2007 that were classified as a held-for-sale operation at December 31, 2006 are
summarized as follows (in millions):
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El Jarudo Plant. In 2007, we completed a sale agreement with Cooper-Standard Automotive Inc. for our El Jarudo
plant, a component of ACH in Mexico, which produces fuel rails, fuel charging assemblies, and spring lock connectors.
As a result of the sale, we recognized a de minimis pre-tax loss.
European dealerships. In 2007, Ford Motor Company and its subsidiary, FIECO Holdings GmbH, completed the sale
of its interest in three European dealerships to MVC Automotive Group B.V. As a result of the transaction, we recognized
a pre-tax loss on the sale of $14 million, net of transaction costs and recognition of foreign currency translation
adjustments. This was reported in Automotive interest income and other non-operating income/(expense), net.
The assets and liabilities of the three dealerships classified as held-for-sale operations at December 31, 2006 are
summarized as follows (in millions):
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Beanstalk Group, LLC ("Beanstalk"). In 2005, we completed the sale of Beanstalk and recorded pre-tax charges of
$53 million for the impairment of intangible assets and goodwill in Automotive cost of sales and $12 million in Automotive
interest income and other non-operating income/(expense), net for the loss on sale.
Asia Pacific and Africa/Mazda dealerships. In 2005, we completed the sale of certain consolidated dealerships in the
Ford Asia Pacific and Africa/Mazda segment and recognized a pre-tax gain of $14 million reflected in Automotive interest
income and other non-operating income/(expense), net.
Other Dispositions
In 2005, we completed the sale of our interests in Mahindra & Mahindra Ltd. (approximately 5% interest), Vastera, Inc.
(approximately 19% interest), and Kwik-Fit Group Limited (approximately 18% interest). As a result of the sales, we
recognized pre-tax gains of approximately $22 million, $11 million, and $152 million, respectively, in Automotive interest
income and other non-operating income/(expense), net in 2005.