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EXHIBIT 10.10
Confidential
Amendment
To Agreement Dated April 3, 1992 Between
Ford Motor Company and Allied Systems, Inc. (currently
Allied Automotive Group)
Effective August 1, 1999
Allied Automotive Group ("Allied") and Ford Motor Company ("Ford") are parties
to a vehicle haulaway contract covering the transportation of motor vehicles to
and from various points in intrastate, interstate, and international commerce
(the "Contract").
This Amendment to the contract is generated to document the agreement concluded
between the two parties relative to 1) adjusting contractual rates with respect
to the 1999 Truck Design/Volume/Mix cost adjustment negotiations and 2) to
establish the agreement for performance to transit standards and related
methodology for any payments between the two parties for
improvement/deterioration to the standards. The amended terms and conditions of
the Contract are as follows:
1. 1999 Truck Design/Volume/Mix - Schedule I details the rate and current
load ratio for the respective ramp and plant locations. Rates are effective
8/1/99.
2. Transit Standard Performance - Ford and Allied have agreed to the transit
standards and transit standard performance/payment methodology as set forth
in Schedule II. Ford and Allied agree that Ford's COPAC system will be used
to calculate all applicable transit times. The Ford COPAC current transit
measurement system measures vehicle transit time from release (plant: plant
release to carrier; ramp: rallcar unloading transmission) to delivery to
the dealer. [*] Transit standards and metric tracking are effective
10/1/99.
3. To the extent that anything in this Amendment conflicts with the terms and
conditions of the Contract, this Amendment shall govern.
4. All other terms and conditions of the Contract remain unchanged and in full
effect.
IN WITNESS THEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized representative on this 21 day of October 1999.
FORD MOTOR COMPANY ALLIED AUTOMOTIVE GROUP
BY: /s/ X. X. XXXX BY: /s/ XXX XXXXXXX
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X. X. Xxxx Xxx Xxxxxxx
TITLE: Commodity Strategist TITLE: President
Transportation Purchasing
*Information has been deleted pursuant to a request for confidential treatment
filed separately with the Securities and Exchange Commission in accordance
with Rule 246-2 under the Securities Exchange Act of 1934.
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SCHEDULE I*
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* Schedule I has been deleted in its entirety pursuant to a request for
confidential treatment filed separately with the Securities and Exchange
Commission in accordance with Rule 24b-2 under the Securities Exchange Act
of 1934.
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SCHEDULE II*
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* Schedule II has been deleted in its entirety pursuant to a request for
confidential treatment filed separately with the Securities and Exchange
Commission in accordance with Rule 24b-2 under the Securities Exchange Act
of 1934.
