Nexteer Automotive Corp. said it would locate its new headquarters north of Detroit in Auburn Hills, Mich., by next summer.
The move, announced Wednesday, is expected to relocate 150 mostly management employees and build its visibility within the auto supply chain.
The former Delphi Corp. steering division, which went public in 2013 on the Hong Kong Stock Exchange and reported nearly $3 billion revenue last year, said it would relocate its headquarters from Saginaw by the second quarter of 2016.
Nexteer told Crain’s Detroit Business, an affiliate of Automotive News, earlier this year the company was closing on a lease in northern Oakland County to grow brand recognition, and President-COO Laurent Bresson revealed the city during the CAR Management Briefing Seminars in Traverse City.
“(Coming to) Auburn Hills provides us with a platform for long-term success and demonstrates our commitment to the state of Michigan and its talented auto industry workforce,” he said Wednesday. “This stand-alone location will position us closer to our business partners, industry experts and will continue enhancing the Nexteer brand.”
Raed more at: http://www.autonews.com/article/20150806/OEM10/150809885/nexteer-ti-automotive-plan-new-home-offices-in-suburban-detroit
The move, announced Wednesday, is expected to relocate 150 mostly management employees and build its visibility within the auto supply chain.
The former Delphi Corp. steering division, which went public in 2013 on the Hong Kong Stock Exchange and reported nearly $3 billion revenue last year, said it would relocate its headquarters from Saginaw by the second quarter of 2016.
Nexteer told Crain’s Detroit Business, an affiliate of Automotive News, earlier this year the company was closing on a lease in northern Oakland County to grow brand recognition, and President-COO Laurent Bresson revealed the city during the CAR Management Briefing Seminars in Traverse City.
“(Coming to) Auburn Hills provides us with a platform for long-term success and demonstrates our commitment to the state of Michigan and its talented auto industry workforce,” he said Wednesday. “This stand-alone location will position us closer to our business partners, industry experts and will continue enhancing the Nexteer brand.”
Raed more at: http://www.autonews.com/article/20150806/OEM10/150809885/nexteer-ti-automotive-plan-new-home-offices-in-suburban-detroit
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