GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive
Green Car Congress
JULY 8, 2010
General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Nexteer Automotive is a global provider of advanced steering and related technology.
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