GM sells Nexteer to Pacific Century Motors

General Motors has just confirmed that it has completed the sale of Nexteer Automotive to Pacific Century Motors, effective November 30, 2010.
“The sale of Nexteer’s business includes global steering and halfshaft operations including 22 manufacturing facilities, six engineering facilities and 14 customer support centers located in North and South America, Europe and Asia,” GM said in a statement.
The terms of the sale were not disclosed.
– By: Omar Rana