Ford 2014 Annual Report Download - page 28

Item 2. Properties (Continued)
• Blue Diamond Parts, LLC (“Blue Diamond Parts”) — a joint venture between Ford (25% partner) and Navistar
International Corporation (formerly known as International Truck and Engine Corporation) (“Navistar”)
(75% partner), in which the two partners share equal voting rights. Blue Diamond Parts manages sourcing,
merchandising, and distribution of certain service parts for trucks sold in North America.
• Blue Diamond Truck, S. de R.L. de C.V. (“Blue Diamond Truck”) — a joint venture between Ford (25% partner)
and Navistar (75% partner), in which the two partners share equal voting rights. Blue Diamond Truck develops
and manufactures medium-duty commercial trucks at its plant in Escobedo, Mexico and sells the vehicles to
Navistar and us for distribution. The Blue Diamond Truck joint venture is scheduled to terminate at the end of
April 2015, after which we will in-source production of F-650/750 trucks to our Ohio Assembly Plant.
• Changan Ford Automobile Corporation, Ltd. (“CAF”) — a 50/50 joint venture between Ford and Chongqing
Changan Automobile Co., Ltd. (“Changan”). CAF currently operates three assembly plants with total annual
production capacity of about 1 million vehicles, an engine plant, and a transmission plant in China where it
produces and distributes an expanding variety of Ford passenger vehicle models. CAF is constructing an
assembly plant in Hangzhou, which is expected to launch in 2015 and will provide CAF with capacity for an
additional 300,000 vehicles.
• Changan Ford Mazda Engine Company, Ltd. (“CFME”) — a joint venture among Ford (25% partner), Mazda
(25% partner), and Changan (50% partner). CFME is located in Nanjing, and produces engines for Ford and
Mazda vehicles manufactured in China.
• Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”) — a joint venture in Turkey among Ford (41% partner), the
Koc Group of Turkey (41% partner), and public investors (18%) that is a major supplier to us of the Transit, Transit
Custom, and Transit Courier commercial vehicles and is our sole distributor of Ford vehicles in Turkey. Ford
Otosan also makes the Cargo truck for the Turkish and export markets, and certain engines and transmissions,
most of which are under license from us. The joint venture owns two plants, a parts distribution depot, a product
development center, and a new research and development center in Turkey.
• Ford Sollers Netherlands B.V. (“Ford Sollers”) — a 50/50 joint venture between Ford and Sollers OJSC (“Sollers”).
The joint venture primarily is engaged in manufacturing a range of Ford passenger cars and light commercial
vehicles for sale in Russia, and has an exclusive right to manufacture, assemble, and distribute certain Ford
vehicles in Russia through the licensing of certain trademarks and intellectual property rights. The joint venture
has been approved to participate in Russia’s industrial assembly regime, which qualifies it for reduced import
duties for parts imported into Russia. In addition to its three existing manufacturing facilities in Russia, Ford
Sollers plans to launch an engine plant in Russia in 2015.
• Getrag Ford Transmissions GmbH (“GFT”) — a 50/50 joint venture with Getrag International GmbH, a German
company. GFT operates plants in Halewood, England; Cologne, Germany; Bordeaux, France; and Kechnex,
Slovakia to produce, among other things, manual transmissions for our Europe business unit.
• JMC — a publicly-traded company in China with Ford (32% shareholder) and Jiangling Holdings, Ltd.
(41% shareholder) as its controlling shareholders. Jiangling Holdings, Ltd. is a 50/50 joint venture between
Changan and Jiangling Motors Company Group. The public investors in JMC own 27% of its total outstanding
shares. JMC assembles the Ford Transit van, Ford diesel engines, and non-Ford vehicles for distribution in China
and in other export markets. JMC operates two plants in Nanchang with total annual production capacity of about
500,000 vehicles, and plans to launch a new engine plant in Nanchang in 2015. JMC also is constructing a new
plant in Taiyuan to assemble heavy duty trucks and engines.
• Tenedora Nemak, S.A. de C.V. — a joint venture between Ford (6.75% partner) and a subsidiary of Mexican
conglomerate Alfa S.A. de C.V. (93.25% partner). The joint venture supplies aluminum engine and other
components from its plants located in regions in which we do business.
The facilities described above are, in the opinion of management, suitable and adequate for the manufacture and
assembly of our and our joint ventures’ products.
The furniture, equipment, and other physical property owned by our Financial Services operations are not material in
relation to the operations’ total assets.
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