/ Industry, News / US: Nexteer leads Chinese investment foray into auto industry

US: Nexteer leads Chinese investment foray into auto industry

Linked In Share
US: Nexteer leads Chinese investment foray into auto industry

China, the world’s second largest economy and the biggest single car market, has long heralded the jump of its powerful automotive companies from local players to global powerhouses by tapping into the US market.

But, even if the financial power of the companies peaked not long ago, the automakers and industry connected suppliers failed to trigger the massive exodus towards the first global economy and second best auto market. There are exceptions, though – such as Nexteer, the global automotive supplier from Saginaw, US, led by the Frenchman Laurent Bresson and with a Chinese investor majority.

“The Nexteer story is followed really closely — extremely closely, I would say, by every stakeholder, by the community, by the Chinese government for sure, the potential Chinese investors — whether public or private — everybody is watching this closely,” says Bresson.

“The Chinese auto suppliers need to have research and development and technology that they don’t have, and that is bringing them in the US,” adds James Cambridge, a partner with the Detroit law firm of Kerr Russell.

Before 2010, Nexteer was a subsidiary of Delphi, but it was since acquired by Pacific Century Motorsin 2010 and has become the highest-profile buyout of a US automotive parts maker by the Chinese.

by Aurel Niculescu (my Google+) - Monday, July 14th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
automotive supplier Chinese inevstors us


Discuss: US: Nexteer leads Chinese investment foray into auto industry

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Reports link Brawn, Costa, Bottas with Ferrari
Reports link Brawn, Costa, Bottas with FerrariNov.23 (GMM/Inautonews.com) The latest names linked with Ferrari are Ross Brawn and Valtteri Bottas. On Saturday, reports ...
Alonso hits back after Mattiacci jibes
Alonso hits back after Mattiacci jibesNov.23 (GMM/Inautonews.com) Fernando Alonso has lashed back at Marco Mattiacci for questioning his commitment and ...
Ecclestone ready to ‘tear up’ income contracts
Ecclestone ready to ‘tear up’ income contractsNov.23 (GMM/Inautonews.com) Bernie Ecclestone on Saturday said he is prepared to "tear up" contracts and start again, as the ...
Magnussen can be Danish ‘sporting legend’ – Dennis
Magnussen can be Danish ‘sporting legend’ – DennisNov.23 (GMM/Inautonews.com) A new name "might" have leapt into contention to become Fernando Alonso's teammate at McLaren-Honda ...
Red Bull still blocking Vettel’s Ferrari test
Red Bull still blocking Vettel’s Ferrari testNov.23 (GMM/Inautonews.com) Sebastian Vettel has hit out at Red Bull for blocking him from making his Ferrari test debut next ...
Rosberg’s mind games reach title zenith on Sunday
Rosberg’s mind games reach title zenith on SundayNov.23 (GMM/Inautonews.com) Nico Rosberg has been busily playing the psychological game this weekend as he clings to his world ...
Force India finally confirms Perez for 2015
Force India finally confirms Perez for 2015Nov.23 (GMM/Inautonews.com) Force India on Saturday finally confirmed that Sergio Perez is staying at the team in 2015. The ...
Vergne set for Toro Rosso exit – reports
Vergne set for Toro Rosso exit – reportsNov.23 (GMM/Inautonews.com) Jean-Eric Vergne appears to have missed out on a Toro Rosso seat for 2015. Prior to Sebastian ...
Newey says ‘all’ F1 cars’ front wings flexing
Newey says ‘all’ F1 cars’ front wings flexingNov.23 (GMM/Inautonews.com) Red Bull cried foul on Saturday after its cars were disqualified from qualifying in Abu ...
Angry teams happier after Mackenzie meeting
Angry teams happier after Mackenzie meetingNov.22 (GMM/Inautonews.com) F1's three angry teams seemed slightly less angry on Saturday after a meeting with Donald ...
Marlboro chief to replace Ferrari boss Mattiacci
Marlboro chief to replace Ferrari boss MattiacciNov.22 (GMM/Inautonews.com) After just seven months in the job, Marco Mattiacci is set to lose his role as Ferrari team ...
No Force India seat for GP2 champion Palmer
No Force India seat for GP2 champion PalmerNov.22 (GMM/Inautonews.com) Force India has played down Jolyon Palmer's hopes of moving into formula one next year. With Sergio ...
Caterham may use 2014 engine next year
Caterham may use 2014 engine next yearNov.22 (GMM/Inautonews.com) Caterham may have to use a 2014 engine if it is to make it onto next year's F1 grid. The sport is ...
Red Bull wants louder, cheaper V6 power for F1
Red Bull wants louder, cheaper V6 power for F1Nov.22 (GMM/Inautonews.com) Red Bull has proposed a new engine formula for the sport. Struggling with Renault power all season, ...
Big chance of showdown crash in Abu Dhabi – Lauda
Big chance of showdown crash in Abu Dhabi – LaudaNov.22 (GMM/Inautonews.com) Niki Lauda has admitted it is possible Sunday's championship showdown will end with a ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

hyundai-i10-sound-edition 1
Spy-Shots of Cars
Kia Sorento X-Men 1
Spy-Shots of Cars
Mercedes-Benz A45 AMG Mcchip-dkr tuning 1
i1bbnfrwvqetvg-1
audi a9 render 1
Audi A8 abt sportsline tuning 1
2016 Acura ILX 1
2016 Fiat 500X united states 1
Galpin Auto Sports Rocket 1
2015 Holden Colorado and Colorado 7 introduced 1

More automotive from inautonews
Hyundai has announced the official starting price of the new i10 Sound Edition, across the Old Continent. The Hyundai i10 has received a special edition in Europe. This has been dubbed the i10 Sound Edition and it is currently available for order, from 12,850 euros, but if the range topper is what ...
read more
Inautonews Editors Section
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...
Test Drive: Mercedes-Benz SL400
Test Drive: Mercedes-Benz SL400 The Mercedes-Benz SL is currently in its sixth generation and since the company has released a new entry-level, the SL400, which is basically the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: FCA CEO cautioned by the NHTSA over Jeep recallThe US government auto safety regulator specifically told Chrysler Group LLC Chief Executive Sergio ... US: Honda acknowledges it failed to comply with US law on Takata airbag issueThe Japanese automaker Honda Motor – the largest client of auto safety parts maker Takata Corp. ...
Safety Section