US: GM completes sale of Nexteer to PCM

General Motors has completed the sale of its steering and driveline systems manufacturer Nexteer Automotive to Chinese company Pacific Century Motors (PCM). PCM is a joint entity formed by Beijing E-Town International Investment & Development (E-Town) and Chinese supplier Tempo International Group. PCM signed the transaction on 7 July 2010. The sale Subscribe to Automotive … Continued

General Motors has completed the sale of its steering and driveline systems manufacturer Nexteer Automotive to Chinese company Pacific Century Motors (PCM).

PCM is a joint entity formed by Beijing E-Town International Investment & Development (E-Town) and Chinese supplier Tempo International Group. PCM signed the transaction on 7 July 2010.

The sale

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