Looking forward to 2013, I see good news for new car buyers. Showrooms will have an unprecedented number of fuel-efficient models of both the gasoline and electric varieties. Plug-in electric vehicles are set to reach new records for sales and fleet average fuel economy will be at all-time high levels.
“Nexteer, in five or ten years, will be bigger than it is today,” said Niklaus A. Von Matt, product engineering manager at auto supplier Nexteer. He made that prediction at the end of July, when he talked with DrivingGrowth.org about market opportunities for the company’s fuel-saving Electric Power Steering (EPS) system.
by Melissa Burden The Detroit News December 15, 2012 Nexteer Automotive said Friday it will invest about $70 million into its Saginaw County operations and hire an additional 325 workers starting in early 2014, after it secured a new long-term contract with one of Detroit’s Big Three automakers… The supplier has been in growth mode, booking $12 billion in new business over the past 30 months. Automakers are turning to electric power steering to help boost fuel economy. The technology […]
by Melissa Burden The Detroit News September 10, 2012 Buena Vista Township ‚Äî Nexteer Automotive, whose survival was in question a few years ago, is thriving under its new Chinese owners ‚Äî booking $12 billion in new business that will keep factories humming for years to come. The supplier’s dramatic and rapid turnaround has salvaged thousands of jobs as well as the economic vitality of Saginaw County, where it is headquartered. It’s a tale of compromise and commitment. Read more…
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