Company has diversified customer base and expanded production globally
SAGINAW, Mich. – Nexteer Automotive, a tier one automotive supplier committed exclusively to wheel-to-wheel advanced steering and driveline systems, today announced that its halfshaft business jumped nearly 13 percent last year and continues to grow in 2012 due to new business wins and increased customer demand. Nexteer’s halfshaft business recorded revenue of nearly $440 million in 2011
“Halfshafts are part of the heritage of our company and continue to be a driving force in our global success,” said Robert J. Remenar, president and CEO of Nexteer. “These are performance-critical parts and require the same level of engineering and manufacturing quality that Nexteer has become known for over its 100-year history.”
Building on recent successful years of global growth and record new business bookings, Nexteer is focused on the development, production and delivery of more than 21 halfshaft program launches globally throughout 2012. In the U.S., the company has five halfshaft product launches, including the 2013 Cadillac XTS and Chevrolet Malibu. This is in addition to three U.S. halfshaft launches in 2011 for the Buick Verano, Chevrolet Impala and Ram 1500. Together these programs will employ more than 160 production workers at Nexteer’s Saginaw operations.
While the company has been traditionally known for its advanced steering systems, it prides itself on nearly 50 years of experience innovating and producing one of the most technologically advanced halfshafts in the world.
“Nexteer’s highly-skilled engineering and manufacturing team in Saginaw has developed and produced a product that is in strong demand around the globe,” said Vince De Zorzi, senior vice president, chief operations officer, and driveline business unit director for Nexteer. “Our employees and facilities are at full capacity to assist our customers with perfect program launches.”
Nexteer’s halfshaft products fill the important role of transmitting torque at constant velocity within two-, four-, and all-wheel driveline configurations. The company’s halfshaft products are designed for enhanced passenger comfort, reduced weight and improved fuel economy while delivering superior warranty performance. Nexteer utilizes its advanced analysis techniques and history of vehicle integration to stay at the forefront of new product development to meet industry needs of reduced weight and improved noise and vibration characteristics.
Nexteer offers customers a full halfshaft product offering including front, and rear halfshafts as well as propeller shaft joints and intermediate driveshafts. For more information on Nexteer’s complete product portfolio, please visit www.nexteer.com/technology.
Nexteer Automotive is a multi-billion dollar global steering and driveline business solely dedicated to electric and hydraulic steering systems, steering columns and driveline products for original equipment manufacturers. Its 9,800 workforce serves more than 60 customers in every major region of the world. The company has 20 manufacturing plants, five engineering centers and 15 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive’s customers include GM, Fiat, Ford, Toyota, Chrysler and PSA Peugeot Citroen, as well as automakers in India, China, and South America.
Director of Global Communications
The Quell Group