4 ms·
Saginaw is Chinese owned and has a interesting history: "GM in 1999 spun off its parts group as Delphi Automotive including Saginaw Steering. Saginaw Division
by Ice_cream_suit 5y ago
Saginaw is Chinese owned and has a interesting history:
"GM in 1999 spun off its parts group as Delphi Automotive including Saginaw Steering. Saginaw Division was renamed Delphi Steering"
"With Delphi entering a lengthy bankruptcy proceeding, GM purchased Delphi Steering through their subsidiary, GM Global Steering Holdings LLC, in 2009 and renamed the company, Nexteer Automotive"
"Nexteer was acquired by Pacific Century Motors on November 29, 2010"
"Originally, Pacific Century was a subsidiary of E-town, the Beijing municipal government's investment company, and Tempo Group, a Chinese car component manufacturer."
"In March 2011, AVIC Automobile Industry Holding Co., a Chinese state-owned parts manufacturer, purchased a 51 percent interest in Pacific Century Motors."