Pacific Century Motors

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Pacific Century Motors
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]

References[edit]

  1. ^ a b Clothier, Mark (Nov 29, 2010). "Pacific Century Motors Says It Plans More U.S. Takeovers After Next Year". Bloomberg.com. Retrieved 21 April 2011. 
  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. 
  3. ^ "Nexteer Automotive Inc.:Private Company Information". Business Week.com. Bloomberg. Retrieved 15 April 2011. 
  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.