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ACG WORLDWIDE SIGNS MEMORANDUM OF UNDERSTANDING WITH FSO-ZEM-ELK

 WARSAW, Poland, Dec. 9 /PRNewswire/ -- The Packard Electric and Inland Fisher Guide Divisions of the Automotive Components Group (ACG) Worldwide have signed a Memorandum of Understanding with the Polish auto manufacturer, Fabryka Samochodow Osobowych (FSO) and its affiliate ZEM-ELK, to investigate the viability of establishing a joint venture or other cooperative business relationships. A feasibility study team will be made up of representatives of each organization.
 The intent of the proposed partnership will be to design, manufacture and sell wiring harnesses, lighting products and components, which are part of ZEM's core businesses. As part of the agreement, ZEM will have access to Packard Electric and Inland Fisher Guide resources such as global marketing, advanced engineering, and global sourcing.
 FSO Motor Company has been the top car manufacturer in Poland since its creation in 1951. It also produces commercial vehicles, automotive parts and subcomponents. FSO exports to over 20 countries located in Western Europe, the Middle East, Asia, Africa and South America.
 FSO-ZEM-ELK, a division of FSO Motor Company, delivers its products to car, truck, bus and tractor manufacturers in Poland as well as for export.
 ACG Worldwide, based in Pontiac, Mich., is a global automotive systems supplier with component capabilities. Today, ACG-Europe encompasses 47 manufacturing plants in 12 countries, three technical centers, eight customer service centers and 30 sales offices.
 Packard Electric, with headquarters in Warren, Ohio, designs and manufactures Power and Signal Distribution Systems, components, connectors, electronic modules and electrical centers. Packard Electric has facilities in 15 European countries, including Hungary and the Czech Republic.
 Inland Fisher Guide (IFG), based in Warren, Mich., specializes in Lighting and Occupant Environment Systems, subsystems and components. In Europe, IFG manufactures its products in Spain, Italy, Portugal and Turkey.
 -0- 12/9/93
 /CONTACT: Karen Longridge of Inland Fisher Guide, 313-578-3247; or Jim Kobus of Packard Electric, 216-373-2348/
 (GM)


CO: Packard Electric; Inland Fisher Guide; Automotive Components Group
 Worldwide; Fabryka Samochodow Osobowych; ZEM-ELK ST: Michigan, Ohio IN: AUT SU: JVN


ML -- DE020 -- 2253 12/09/93 13:46 EST
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Publication:PR Newswire
Date:Dec 9, 1993
Words:336
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