Nexteer Automotive

Nexteer Automotive

Company type	Public
Industry	Automotive
Predecessor	Delphi Steering
Founded	2009[1]
Founder	GM
Headquarters	1272 Doris Rd, Auburn Hills, Michigan, United States
Number of locations	44
Area served	Worldwide
Key people	Zili Lei [2] (CEO) Robin Milavec[2](President, CTO, CSO) Mike Bierlein[2] (VP, CFO) Hervé Boyer[2] (VP, Global COO and NA Division President)
Products	power steering systems, Steering Columns, Driveline
Revenue	$3,839.7 million (2022)[3]
Operating income	$86.6 million (2022)[3]
Net income	$58.0 million (2022)[3]
Total assets	$3.34 billion (2022)[3]
Total equity	$1.98 billion (2022)[3]
Number of employees	12,600 (Q4 2022)[3]
Parent	Pacific Century Motors(15%)[1]
Website	https://www.nexteer.com/

Nexteer Automotive (SEHK: 1316) is a global motion control technology company. It is a publicly traded company owned about one-third by its shareholders. About two-thirds by Pacific Century Motors, which in turn is 51% owned by AVIC Automotive. Nexteer's global headquarters is in Auburn Hills, Michigan, United States.^[4]

Nexteer Automotive is a major supplier in the automotive industry, specializing in the production of electric and hydraulic power steering systems, steer-by-wire systems, steering columns, intermediate shafts, driveline systems, and software for original equipment manufacturers (OEMs). The company operates 26 manufacturing plants, four technical and software centers. The company also has 13 customer service centers across North and South America, Europe, Asia, and Africa. Its customer base includes over 60 OEMs, encompassing well-known brands such as BMW, Ford, General Motors, Toyota, and Volkswagen, as well as domestic automakers in India, China, and South America.