predecessor delphi steering founded 2009 1 founder gm headquarters saginaw michigan number of locations 40 2011 area served worldwide key people guibin zhao 2 ceo laurent bresson 2 president robert j. remenar 1 former president former ceo former board of directors products hydraulic and electric power steering systems halfshafts revenue 2.4 billion number of employees 10 000 parent pacific century motors 1 website nexteer.com nexteer automotive sehk 1316 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 10 000 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 . 3 it has more than 60 customers globally including bmw general motors ford chrysler fiat toyota psa peugeot citroen and manufacturers not only in north america but in india china and south america . contents 1 history 1.1 nexteer 2 technology 2.1 history 2.2 products 3 references 4 external links history edit 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 buick then was transferred to parent company general motors 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 group with other gm component units into automotive components group . 4 gm in 1999 spun off its parts group as delphi automotive including saginaw steering . saginaw division was renamed delphi steering . 5 nexteer edit 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 . 5 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 . 6 nexteer was acquired by pacific century motors on november 29 2010 . 1 after the purchase nexteer was split into two separate companies nexteer originally was going to go public on the hong kong stock exchange in june 2013 7 but the ipo was delayed until october 2013 . 8 the company has announced its decision to relocate its headquarters to the detroit area . 9 technology edit history edit 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 10 products edit 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 . 11 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 edit a b c d nexteer automotive inc. private company information . business week.com . bloomberg . retrieved 15 april 2011 . a b saginaw county s nexteer automotive gets new president and chief executive officer . the saginaw news . retrieved 8 june 2012 . bloomberg.com alan k. binder and deebe ferris editors 2000 . general motors in the twentieth century . ward s communications . via gm heritage generations of gm history saginaw steering . a b bunkley nick g.m. sells parts maker to a chinese company . g.m. sells parts maker to a chinese company . new york times . retrieved 15 april 2011 . check date values in date help lynch morin kathryn july 8 2010 . new chapter begins today for saginaw s nexteer after purchase by chinese auto parts maker announced . the saginaw news . retrieved 15 april 2011 . nexteer may launch ipo in june . wnem.com . meredith corporation . june 5 2013 . retrieved january 22 2015 . annual report 2013 pdf . nexteer.com . nexteer automotive . retrieved january 22 2015 . nexteer pdf . retrieved 26 august 2015 . nexteer automotive provides world s 1st 12 volt electric power steering systems in 2011 ford f 150 pdf . nexteer automotive . retrieved 9 june 2011 . electric power steering reaches production milestone pdf . nexteer automotive . retrieved 9 june 2011 . external links edit official website v t e automotive industry in the united states automotive industry economy of the united states transportation in the united states american vehicle manufacturers list agco challenger tractor massey ferguson allied specialty vehicles champion bus collins eldorado national e one fleetwood goshen coach holiday rambler laymor wheeled coach am general american expedition 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central cities lansing flint saginaw bay city midland counties greater lansing area clinton eaton ingham flint and tri cities area arenac bay clare genesee gladwin gratiot isabella midland saginaw shiawassee the thumb area huron lapeer tuscola sanilac st. clair geography black river cass river chippewa river flint river grand river lake huron michigan basin red cedar saginaw bay saginaw river st. clair river tittabawassee river transportation amtrak blue water bishop international airport blue water bridge capital region international airport grand trunk western railroad mbs international airport zilwaukee bridge economy auto owners insurance biggby coffee chemical financial corporation cms energy dow chemical dte energy general motors koegel meat company michigan sugar midmichigan health mclaren health care corporation nexteer automotive quality dairy company spartan motors michigan northern michigan southeast michigan upper peninsula west michigan retrieved from https 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