NEXTEER AUTOMOTIVE Overview
Company Headquarters: Michigan, US
Founded: 2009
Workforce: ~13,000
Company Working: Nexteer Automotive, a subsidiary of Pacific Century Motors, is engaged in the manufacture and supply of steering systems to automotive, light trucks, and heavy-duty vehicle manufacturers. The company has a global steering and driveline business for delivering steering columns, electric and hydraulic steering systems, and driveline systems, as well as ADAS and automated driving technologies for OEMs around the world. In January 2018, Nexteer Automotive announced its production milestone of 50 million electric power steering (EPS) systems, which offer significant fuel savings. Nexteer EPS systems offer reliable steering control in all driving conditions while reducing fuel consumption.
Nexteer Automotive operates 20 manufacturing plants, 14 local customer support centers, and five regional engineering centers and test centers. It caters to several global customers, including BMW, General Motors, Ford, Chrysler, Fiat, Toyota, and PSA Peugeot Citroen. The company was formerly known as Steering Solutions Services Corporation.
Strategy
Nexteer Automotive has increased exposure in China and other emerging economies through new program launches, to strengthen the sales of SUVs, multi-purpose vehicles, and minivans. The company also invests in research & development to cater to the needs of North America. The company also strategizes to form partnerships with leading automotive OEMs to achieve geographic, customer, and vehicle platform diversity.
