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IAC To Close Pennsylvania Plant

As auto sales nosedive, International Automotive Components N.A. is closing a Carlisle, Pa., plant that once employed 1,200 people and currently has a workforce just over 150.

CARLISLE, Pa. (AP) -- International Automotive Components North America is closing a Pennsylvania plant as auto sales nosedive.

IAC said Wednesday it will close the Carlisle plant on Dec. 12. The plant makes carpet and other parts for cars. Its main customer is Ford.

IAC spokesman David Ladd says high gasoline prices and the credit crisis are having a negative impact on auto sales nationwide. U.S. auto sales in September ran 25 percent below year-earlier levels.

IAC is also closing plants in Indiana, Ohio and Canada as it sheds excess capacity and consolidates operations.

The Carlisle plant was formerly owned by Lear Corp. and once employed 1,200 people. IAC North America, led by billionaire investor Wilbur Ross, acquired majority ownership in 2007. The work force is currently just over 150.

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