Pacific Century Motors

Last updated
Pacific Century Motors
FoundedNovember 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]

Related Research Articles

Automotive industry Organizations involved with motor vehicles

The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue. The automotive industry does not include industries dedicated to the maintenance of automobiles following delivery to the end-user, such as automobile repair shops and motor fuel filling stations.

Paccar American truck manufacturer

PACCAR Inc is an American Fortune 500 company and counts among the largest manufacturers of medium- and heavy-duty trucks in the world. PACCAR is engaged in the design, manufacture and customer support of light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, Leyland Trucks, and DAF nameplates. PACCAR also designs and manufactures powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.

Magna International Canadian automotive supplier

Magna International Inc. is a Canadian mobility technology company for automakers. Magna is currently investing heavily in AI, and Level 5 Automation. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts, it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford Motor Company and FCA, as well as BMW, Mercedes, Volkswagen, Toyota, and Tesla Motors, among others.

SAIC Motor

SAIC Motor Corporation Limited is a Chinese state-owned automotive design and manufacturing company headquartered in Shanghai, with multinational operations. A Fortune Global 100 company and one of the "Big Four" state-owned Chinese automakers, the company had the largest production volume of any Chinese automaker in 2014, making more than 4.5 million vehicles. Its manufacturing mix is not wholly consumer offerings, however, with as many as one million SAIC passenger vehicles being commercial vans.

Continental AG German multinational company in the automotive component supplier industry

Continental AG, commonly known as Continental or colloquially as Conti, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries. It is headquartered in Hanover, Lower Saxony. Continental is the world's fourth-largest tire manufacturer.

Smiths Group plc is a British multinational diversified engineering business headquartered in London, England. It has operations in over 50 countries and employs around 23,550 staff. Smiths Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Lear Corporation

Lear Corporation is an American company that manufactures automotive seating and automotive electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.

SAIC-GM-Wuling

SAIC-GM-Wuling Automobile is a joint venture between SAIC Motor, General Motors, and Liuzhou Wuling Motors Co Ltd. Based in Liuzhou, Guangxi Zhuang Autonomous Region, in southwestern China, it makes commercial and consumer vehicles sold in China under the Wuling and Baojun marques, respectively. A major mass-volume producer in the Chinese interior, in 2011 SGMW sold 1,286,000 vehicles in China, 1,445,000 in 2012, and aims to sell 2 million cars annually. Its offerings range in price from US$5,000 to US$10,000.

Reynolds and Reynolds Private corporation based in Ohio

The Reynolds and Reynolds Company is a private corporation based in Dayton, Ohio. Its primary business is providing business forms, management software and professional services to car dealerships. Its software is used to manage sales logistics at dealerships. It also produces forms used in medicine and insurance.

Automotive industry in China Overview of the automotive industry in China

The automotive industry in China has been the largest in the world measured by automobile unit production since 2008. Since 2009, annual production of automobiles in China exceeds both that of the European Union and that of the United States and Japan combined.

The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace and defense conglomerate headquartered in Beijing. It is ranked 151st in the Fortune Global 500 list as of 2019, and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe.

The automotive industry crisis of 2008–2010 was a part of the financial crisis of 2007–2008 and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement.

Midland Mall Shopping mall in Michigan, United States

Midland Mall is an enclosed shopping mall serving Midland, Michigan, United States. Opened in 1991, the mall's anchor stores are Target, Fantastic Finds, Barnes & Noble, and Dunham's Sports. There are 2 vacant anchor stores that were once JCPenney and Sears. It is managed by Kohan Retail.

Li Shufu is a Chinese billionaire business magnate and entrepreneur. He is the founder and chairman of Zhejiang Geely Holding Group.

Nexteer Automotive is an American,majority Chinese-owned automotive parts supplier owned by Pacific Century Motors and headquartered in Auburn Hills, Michigan, United States. Nexteer is a business delivering electric and hydraulic power steering systems, steering columns, driveline systems, as well as advanced driver assistance systems (ADAS) and automated driving enabling technologies for original equipment manufacturers (OEMs). The company has 28 manufacturing plants, three technical centers, one software center and 13 customer service centers located in North and South America, Europe, Asia and Africa. The company serves more than 60 customers in every major region of the world including BMW, Fiat Chrysler, Ford, GM, PSA Groupe, Toyota and VW, as well as automakers in India and China.

SRG Global

SRG Global Inc. is one of the largest manufacturers of chrome plated plastic parts for the automotive and commercial truck industries. Headquartered near Detroit in Troy, Michigan, the Tier 1 supplier has manufacturing operations across North America, Europe and Asia. The company’s Advanced Development Center in Taylor, Michigan, is a dedicated facility for developing new plastics coating technology.

A. O. Smith

A. O. Smith Corporation is an American manufacturer of both residential and commercial water heaters and boilers and the largest manufacturer and marketer of water heaters in North America. It also supplies water treatment products in the Asian market. The company has 24 locations worldwide, including five manufacturing facilities in North America, as well as plants in Bengaluru in India, Nanjing in China and Veldhoven in The Netherlands.

BAIC Motor Corporation Limited is a Chinese car manufacturer based in Beijing, China. The H shares of the company were traded in the Hong Kong Stock Exchange. It was part of BAIC Group, itself a subsidiary of Beijing Municipal Government.

Beijing E-Town economic development agency

Beijing E-Town is an economic development agency of the Beijing municipal government that traces its origins to 1994 when the Beijing government chartered an entity to help foster high tech manufacturing in Beijing.

Contemporary Amperex Technology Co. Limited, abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). It is headquartered in Ningde, Fujian Province and operates manufacturing bases in Ningde, Qinghai and Liyang. Its three main R&D centers are based in Ningde, Shanghai and Berlin.

References

  1. 1 2 Clothier, Mark (Nov 29, 2010). "Pacific Century Motors Says It Plans More U.S. Takeovers After Next Year". Bloomberg.com. Retrieved 21 April 2011.CS1 maint: discouraged parameter (link)
  2. Lynch-Morin, Kathryn (July 8, 2010). "New chapter begins today for Saginaw's Nexteer after purchase by Chinese auto-parts maker announced". The Saginaw News. Retrieved 15 April 2011.CS1 maint: discouraged parameter (link)
  3. "Nexteer Automotive Inc.:Private Company Information". Business Week.com. Bloomberg. Retrieved 15 April 2011.CS1 maint: discouraged parameter (link)
  4. Lynch-Morin, Kathryn (April 12, 2011). "Nexteer's parent acquired: Company says move positions it for growth". The Saginaw News. Retrieved 15 April 2011.CS1 maint: discouraged parameter (link)