NEWS

Nexteer Automotive opens fourth manufacturing plant in China

Monday, Aug 24, 2015

Nexteer Automotive opened its fourth manufacturing plant in China on Monday as the company looks to bolster its place as one of the world's biggest providers of steering systems and components.

The factory would allow the Saginaw, Mich.-based company to double its workforce in Liuzhou, China, to 400 people in 2016, the company said.

Once a division of General Motors Co., Nexteer was purchased by the China-based Pacific Century Motors in 2010 and has been growing since. It operates more than 20 manufacturing plants globally, and its 2014 revenue was $2.97 billion, a 24% increase from 2013.

Earlier this year, the company said it would move its headquarters to Auburn Hills from Saginaw to be closer to the heart of the Detroit auto industry. Fiat Chrysler Automobiles NV is based in Auburn Hills along with several other parts makers such as BorgWarner Inc.

 

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