Founded | November 2010 |
---|---|
Founder | E-town Tempo Group |
Key people | Zhao Guangyi, Chairman [1] |
Parent | AVIC Automobile Industry Holding |
Subsidiaries | Nexteer Automotive |
Pacific Century Motors is a Chinese company formed to buy and hold Nexteer Automotive.
Originally, Pacific Century was a subsidiary of E-town, the Beijing municipal government's investment company, and Tempo Group, a Chinese car component manufacturer. [2] Nexteer Automotive was acquired by Pacific Century Motors on November 30, 2010. [3] Pacific Century also announce that they would be making additional acquisition in the next year or so. [1] In March 2011, AVIC Automobile Industry Holding Co., a Chinese state-owned parts manufacturer, purchased a 51 percent interest in Pacific Century Motors. [4]
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