Nexteer’s New Home Closer to Motor City
- Aug 06, 2015
By Veronica Grecu, Associate Editor
The Chinese auto supplier announced this week that it will relocate its global operations in Auburn Hills, one of Motor City thriving suburbs. About 150 management employees—including senior executives, global financial team, human resources, information technology and sales staff—are expected to move into the new center. The relocation is scheduled for the second quarter of 2016, the auto-supplier announced.
Meanwhile, the company’s Global Engineering Center and Saginaw Division will retain close to 5,000 employees and will serve as the company’s North American headquarters, the Detroit Free Press reported.
Nexteer invested more than $400 million in Michigan since July 2010, when General Motors Corp. sold its GM Global Steering Holdings division to AVIC Automotive Systems Holding Co. Ltd., a subsidiary of Aviation Industry Corp. of China. The auto supplier will join a long list of 40 international corporations that are either headquartered or have North American operations in Auburn Hills, Crain’s Detroit News noted.