General Motors has agreed to sell its Nexteer business to Pacific Century Motors (PCM), an entity formed by Chinese supplier The Tempo Group and an affiliate of the Beijing Municipal Government. Terms of the deal were not released, but it is expected to close by the end of the year. Subscribe to Automotive World to … Continued
General Motors has agreed to sell its Nexteer business to Pacific Century Motors (PCM), an entity formed by Chinese supplier The Tempo Group and an affiliate of the Beijing Municipal Government. Terms of the deal were not released, but it is expected to close by the end of the year.
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https://www.automotiveworld.com/articles/82809-us-china-pcm-to-buy-nexteer/
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