Nexteer Automotive () is a global leading motion control technology company accelerating mobility to be safe, green and exciting. It is a publicly traded company that is owned about one-third by its shareholders and about two-thirds by Pacific Century Motors, which in turn is 51% owned by AVIC Automotive. Nexteer's global headquarters is in
Auburn Hills, Michigan
Auburn Hills is a city in Oakland County in the U.S. state of Michigan. The population was 21,412 at the 2010 census. Before incorporating as a city in 1983, the area was part of the now-defunct Pontiac Township. It is home to Oakland University ...
,
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
.
Nexteer is an automotive supplier delivering electric and hydraulic power steering systems, steer-by-wire systems, steering columns and intermediate shafts, driveline systems and software solutions for original equipment manufacturers (OEMs). The company has 26 manufacturing plants, four technical and software centers and 13 customer service centers located in North and South America, Europe, Asia and Africa. The company serves more than 60 customers in every major region of the world including BMW, Changan, Dongfeng Peugeot Citroën Automobile, Ford, General Motors, Maruti Suzuki India, Renault-Nissan Mitsubishi Alliance (RNM), SAIC General Motors, SAIC-GM-Wuling Automobile (SGMW), Stellantis (formerly Fiat Chrysler Automobiles and Groupe PSA), Toyota and Volkswagen as well as domestic automakers in India, China and South America.
History
Nexteer's original predecessor was founded in 1906 in Saginaw, Michigan, USA under the name Jackson, Wilcox and Church. Their product was named the Jacox gear. In 1909, the unit was purchased by
Buick
Buick () is a division of the American automobile manufacturer General Motors (GM). Started by automotive pioneer David Dunbar Buick in 1899, it was among the first American marques of automobiles, and was the company that established General ...
then was transferred to parent company
General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
as the Jackson, Church and Wilcox Division. The division was renamed Saginaw Product Company in 1919 and Saginaw Steering Gear Division in 1928. The trade name of Jacox was changed to Saginaw in 1930. Saginaw Steering for 90 years was a part of GM. Saginaw Division became the division's name in 1985. The Saginaw Division is grouped with other GM component units into Automotive Components Group. GM in 1999 spun off its parts group as
Delphi Automotive
Aptiv PLC is an Irish-American automotive technology supplier with headquarters in Dublin. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
History
The com ...
including Saginaw Steering. Saginaw Division was renamed Delphi Steering.
Nexteer
With Delphi entering a lengthy bankruptcy proceeding, GM purchased Delphi Steering through their subsidiary, GM Global Steering Holdings LLC, in 2009 and renamed the company, Nexteer Automotive. GM moved to have the union change their contract with Nexteer in order to prepare the company for a sale as Nexteer had multiple customers besides GM. After the first offered agreement, GM warned the employees that this may hamper finding a buyer; the results being that GM may just shut Nexteer down. A second agreement was ratified by the union.
[ The ]Michigan Economic Growth Authority
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the ...
gave a $70.7 million state tax credit over ten years to Nexteer in November 2009. Nexteer announced that same month investment plans totaling $400 million across the board and keeping its headquarters in Buena Vista Township. The Township responded with a 100 percent 20 year tax abatement.Pacific Century Motors
Pacific Century Motors is a Chinese company formed to buy and hold Nexteer Automotive.
Originally, Pacific Century was a subsidiary of E-town, the Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the Pe ...
on November 29, 2010.[ After the purchase, Nexteer was split into two separate companies.
Nexteer originally was going to go public on the ]Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
in June 2013, but the IPO was delayed until October 2013.
The company relocated its headquarters to Auburn Hills, Michigan
Auburn Hills is a city in Oakland County in the U.S. state of Michigan. The population was 21,412 at the 2010 census. Before incorporating as a city in 1983, the area was part of the now-defunct Pontiac Township. It is home to Oakland University ...
in 2015.
Technology
History
*1906: Manual Steering
*1951: Hydraulic Assisted Steering
*1960s: Tilt-Wheel Steering Columns, Front-Wheel Drive Halfshafts, Energy-Absorbing Column
*1970s: Air Bag Column, First Rack and Pinion Gear
*1980s: Global Engineering
*1995: Speed Variable Assist, Electric Power Steering
*1999: Power Tilt Telescope Column, Quadrasteer
*2004: Active Energy-Absorbing Column, Tri-Glide Halfshaft Joint
*2009: Single Pinion Electric Power Steering
*2010: World’s first 12-Volt Electric Power Steering Systems
*2011: Full Size Truck Rack Electric Power Steering and CrossGlide Joint
*2013: Magnetic Torque Overlay
*2017: CNXMotion, a joint venture between Nexteer & Continental
*2018: Advanced Steering Technology Suite, including Steer-by-Wire
Products
* Steering Systems: active steering, electric power steering, hydraulic power steering and torque overlay
** Electric Power Steering: Since 1999, Nexteer Automotive has put more than 70 million EPS units on the road.
References