Ford sells off its 2nd closed plant in week

For the second time in seven days, Ford Motor Co. announced that it completed the sale of a closed assembly plant, but the Dearborn automaker remains in the early stages of its effort to find a buyer for its Wixom Assembly plant, which closed just over a year ago.

On Thursday, Ford said it completed the sale of its Atlanta Assembly Plant in Hapeville, Ga., to Jacoby Development Inc. for an undisclosed price.

On June 5, Ford had said it completed the sale of a plant in Hazelwood, Mo., to Panattoni Development Co. Inc. for an undisclosed price. According to the St. Louis Business Journal, the plant is worth an estimated $50 million.

In Wixom, Ford is talking to several potential buyers but does not know if those talks will yield offers. The 4.7-million-square-foot Wixom plant closed as part of Ford's Way Forward restructuring plan.

"We're a long ways out," said Stefanie Denby, a Ford spokeswoman. Detroit Free Press