Nexteer Automotive
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Nexteer Automotive
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| Type | Private |
|---|---|
| Industry | Automotive |
| Predecessor(s) | Delphi Steering |
| Founded | 2009[1] |
| Founder(s) | GM |
| Headquarters | Saginaw, Michigan |
| Number of locations | 40 (2011) |
| Area served | Worldwide |
| Key people | Robert J. Remenar[1] (President, CEO, Board of Directors) |
| Products | Hydraulic and electric power steering systems |
| Revenue | $2.0 billion (2010) |
| Employees | 9,800 (2011) |
| Parent | Pacific Century Motors[1] |
| Website | nexteer.com |
Nexteer Automotive is an automotive parts supplier owned by Pacific Century Motors and headquartered in Saginaw, Michigan, United States. Nexteer is a global manufacturer of steering and driveline products. With more than 9,800 employees, Nexteer operates 20 manufacturing plants worldwide, 14 local customer support centers and five regional engineering centers and test centers. Nexteer is the fourth-largest steering-parts supplier by market share.[2] It has more than 60 customers globally, including Ford, Chrysler, Fiat, Toyota, PSA Peugeot Citroen and manufacturers in India, China and South America.
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Contents
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History
Nexteer's original predecessor was founded in 1906 under the name Jackson, Wilcox and Church. Their product was named the Jacox gear. In 1909, the unit was purchased by General Motors and renamed Saginaw Product Company in 1919 and Saginaw Steering Gear Division in 1928. Saginaw Steering for 90 years was a part of GM. [3] GM in 1999 spun off its parts division as Delphi Automotive Systems, Inc. including Saginaw Steering. Saginaw Steering was renamed Delphi Steering. 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.[4]The Michigan Economic Growth Authority 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.[5] Nexteer was acquired by Pacific Century Motors on November 29, 2010.[1]
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
- 2011: Full Size Truck Rack Electric Power Steering[6]
Products
- Steering Systems: active steering, electric power steering, hydraulic power steering and torque overlay solutions
- Electric Power Steering: Since 1999, Nexteer Automotive has put more than 15 million EPS units on the road, saving more than 1.3 billion US gallons (4,900,000 m3) of fuel.[7]
- Steering Components: columns; electronics, modules & sub-assemblies; intermediate shafts
- Driveline Products: front-wheel drive halfshafts, rear-wheel drive halfshafts, intermediate drive shafts, propeller shaft joints, advanced technology
References
- ^ a b c d "Nexteer Automotive Inc.:Private Company Information". Business Week.com. Bloomberg. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=59503383. Retrieved 15 April 2011.
- ^ bloomberg.com
- ^ "GM Heritage, Generations of GM History, Saginaw Steering". http://history.gmheritagecenter.com/wiki/index.php/Saginaw_Steering.
- ^ Bunkley, Nick (G.M. Sells Parts Maker to a Chinese Company). "G.M. Sells Parts Maker to a Chinese Company". New York Times. http://www.nytimes.com/2010/11/30/business/30gm.html. Retrieved 15 April 2011.
- ^ Lynch-Morin, Kathryn (July 08, 2010). "New chapter begins today for Saginaw's Nexteer after purchase by Chinese auto-parts maker announced". The Saginaw News. http://www.mlive.com/business/mid-michigan/index.ssf/2010/07/buena_vista_townships_nexteer.html. Retrieved 15 April 2011.
- ^ "Nexteer Automotive Provides World’s 1st 12-Volt Electric Power Steering Systems in 2011 Ford F-150". Nexteer Automotive. http://nexteer.com/images/Nexteer_F150_EPS_Release.pdf. Retrieved 9 June 2011.
- ^ "Electric Power Steering reaches production milestone". Nexteer Automotive. http://nexteer.com/images/Milestone_in_EPS_production12052011.pdf. Retrieved 9 June 2011.
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