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Nexteer Automotive, Born of Delphi

As a result of Delphi's emergence from bankruptcy, a new entity will be formed to comprise the supplier's steering business. Owned by GM's new Global Steering Holdings, the new Nexteer Automotive business will be, according to Delphi, the "only global Tier One automotive supplier exclusively focused on advanced steering and driveline technology."

"We wanted a name with a dynamic look and feel that not only reflects our 100-year heritage of industry-leading innovation, hard work and quality products, but also signals the opportunities we see as a revitalized business with a great future," Robert Remenar, Nexteer's new president said in a release.

Nexteer will take over most of Delphi's Steering assets, including 15 manufacturing plants, six engineering and 14 customer service centers in both Americas, Europe and Asia. The new company will have 6,200 employees.

"We believe a product strategy focused exclusively on Electric Power Steering, Hydraulic Power Steering, driveline and steer-by-wire will give us an edge on innovation as we place all of our resources behind bringing to market new technologies that are valued by our customers," Remenar added.

As said, GM's takeover of the supplier's most important assets will spawn the GM Components Holdings (Delphi facilities in Kokomo, Rochester, Lockport and Grand Rapids). and Steering Solutions Services Corporation (Saginaw steering operations and businesses in Europe, Mexico, South America and Asia). Delphi itself will retain electronics, safety, powertrain, thermal, OE service and the independent aftermarket businesses.

 
 
 
 
 

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