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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
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    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
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    Auto Shanghai 2025: Nexteer Automotive to unveil motion control innovations
    At Auto Shanghai 2025, Nexteer Automotive will unveil its latest motion control innovations under the theme "Pioneering Motion Control Globally at China Speed — Vision, Velocity and Value." This event, taking place from April 23 to May 2 at the National Convention and Exhibition Center in Shanghai will feature Nexteer's advancements in mobility through various technologies such as motion-by-wire and software-defined chassis. Visitors can experience these innovations across six experiential zon...
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    Nexteer Automotive unveils three key driveline technologies
    Nexteer Automotive has introduced three new driveline technologies aimed at meeting the specific demands of electric vehicles while enhancing premium driving experiences across various propulsion types. These next-generation solutions focus on long-term durability; optimized noise, vibration and harshness (NVH) performance; and efficient, lightweight designs to help automakers deliver drives that are both quiet and responsive. The new offerings include the enhanced Face Spline Axle, 8-...
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    Nexteer Automotive unveils electro-mechanical brake system
    Nexteer Automotive has launched its electro-mechanical brake (EMB) system, a brake-by-wire (BbW) technology that is designed to improve safety, comfort and serviceability, and enable software-defined chassis integration. Distinguishing itself from competitors who use electro-hydraulic braking (EHB) systems, Nexteer's EMB replaces traditional hydraulic fluids and mechanical linkages with electronic controls, offering a more precise, digitally powered braking solution using actuator...
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    Nexteer Automotive unveils new high-output electric power steering technology
    Nexteer Automotive has unveiled its new high-output column-assist electric power steering (HO CEPS). The new steering system enhances Nexteer's leading position in the automotive steering industry by offering original equipment manufacturers flexibility to optimize vehicle performance, cost, scalability and development speed across various platforms while catering to diverse global market needs. HO CEPS extends the application of column-electric power steering (CEPS) systems to larger and hea...
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    Nexteer Automotive's FY 2024 revenue rises 1.6% year over year to $4.3 billion
    Nexteer Automotive’s revenue increased 1.6% year over year to $4.3 billion in the financial year ended Dec. 31, 2024, the US-based steering systems supplier said in a press release. After adjustments for foreign currency and commodity recoveries, the revenue saw a 2.5% boost, surpassing market performance by 360 basis points. The company recorded a 10.1% year-over-year increase in revenue in Asia-Pacific to $1.3 billion. This was partially offset by a 2.9% year-over-year decline in revenue ...
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    Nexteer Automotive unveils rear-wheel steering system
    Nexteer Automotive has introduced a rear-wheel steering (RWS) system optimized for cost-effectiveness, durability and effortless integration into vehicles. The new steering system also significantly improves maneuverability, stability, safety and overall driving performance. It is ideal for use in heavier, long-wheelbase vehicles such as trucks, sport utility vehicles and electric vehicles. According to Nexteer, its new RWS allows the rear wheel to turn up to 12° in coordination with th...
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    Nexteer Automotive opens new production facility in mainland China to expand electric steering systems production
    Nexteer Automotive inaugurated its new production facility in Changshu, Jiangsu Province, mainland China, on Jan. 15 to enhance its manufacturing and testing capabilities for advanced steering systems. This strategic expansion is designed to capitalize on the growing demand in the Asia-Pacific region and globally for electric power steering (EPS) technologies among both global and domestic automakers. The Changshu Campus covers approximately 137 acres and is equipped with state-of-the-art produc...
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    Nexteer Automotive’s H1 net income declines 52.9% year over year to $16 million
    Nexteer Automotive has reported a 52.9% year-over-year decline in net income to $16 million in the first half of the current financial year ended June 30, 2024, the company said in a press release on Aug. 14. Revenue dropped slightly by 0.1% year over year to $2.1 billion. Despite stagnant revenue, Nexteer recorded a 5.9% year-over-year growth in EBITDA to $197 million. In the first six months of 2024, Nexteer booked new business worth $2.1 billion, 26% of which was from new products. Du...
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    Nexteer Automotive launches new mPEPS steering system
    As reported in a press release on Aug. 12, Nexteer Automotive has introduced its modular pinion-assist electric power steering (mPEPS) system. The development enhances Nexteer's offering in modular electric power steering (EPS) solutions, adding single-pinion and dual-pinion systems to its portfolio. The company said that the mPEPS system capitalizes on its existing EPS technology to provide a scalable solution that offers original equipment manufacturers significant cost and time saving...
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    Nexteer Automotive Mexico breaks ground on new Technical Center in Mexico
    Nexteer Automotive Mexico, a leading tier 1 provider of motion-control technology, has broken ground on a new Technical Center in El Marqués, Querétaro, Mexico. This expansion aims to enhance the company's engineering capabilities in Mexico, allowing for greater responsiveness, agility and quality for its original equipment manufacturer customers in the region. The new facility, expected to be completed by 2026, will create 400 new jobs by the end of 2024, further solidifying Nexteer's pr...
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    Steer-by-wire market to record steep growth over next decade
    The automotive industry is undergoing a fascinating transformation with the emergence of steer-by-wire (SBW) technology, which is poised to revolutionize the driving experience and pave the way for the vehicles of tomorrow. As electric power steering (EPS) systems continue to dominate the market, SBW systems are captivating the industry by replacing mechanical connections with algorithms, electronics and actuators. The progress in semiconductor technology, control systems, electrical architec...
    Insights
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the future of light vehicle (LV) steering technology owing to advances in vehicle electrical architectures and semiconductor-based, integrated controller performance as well as the gradual penetration of dri...
    Insights
    How the new NHTSA ruling for autonomous cars impacts the wider chassis systems market
    On 10 March, the National Highway Traffic Safety Administration (NHTSA), the agency that develops and enforces the Federal Motor Vehicle Safety Standards (FMVSS) regulations relevant to vehicles sold in the United States, updated the 200-series occupant protection standards to account for autonomous vehicles that do not have the traditional manual controls associated with a human driver. This change came a month after General Motors (GM) sent a petition on behalf of its self-driving subsidiary C...
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    Nexteer’s FY 2021 revenue rises 10.8% to USD3.36 billion
    Nexteer has announced a 10.8% year-on-year (y/y) rise in FY 2021 revenue at USD3.36 billion, a company statement on 16 March read. Its full year operating profit came in at USD115.2 million while net profit grew 1.4% y/y to USD118.4 million. “In 2021, we remained committed to our strategy for profitable growth and continued expanding and diversifying our revenue base. Our proven strategy served as a guide in navigating 2021's challenges including the global semiconductor supply shortage, co...
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    Nexteer Automotive & Tactile Mobility unveil software solution to enhance overall vehicle safety
    Nexteer Automotive and Tactile Mobility introduce a software solution to improve overall vehicle health management, safety, and performance by detecting changing road surfaces and evolving tire conditions, according to a press release published by Nexteer Automotive on 14 March. The software can detect wet, dry, icy, etc, road surfaces and tire conditions such as stiffness, tread depth, etc and alert the driver with critical data. The innovative solution is part of the vehicle’s steering syste...
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    Nexteer unveils new modular column-assist power steering system
    US automotive parts manufacturer Nexteer Automotive announced via press release on 22 October the release of its new Modular Column-Assist Electric Power Steering (mCEPS) system. According to the release, the new system offers a cost-efficient modular platform design that provides the supplier scalability and flexibility to meet a wide range of OEM requirements. According to global VP and APAC Division president of Nexteer Automotive, David Fan, “Nexteer’s mCEPS system creates new...
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    Nexteer’s H1 2021 revenue rises 43.3% y/y to USD1.73 billion
    Nexteer Automotive has reported a 43.3% year-on-year (y/y) rise in its revenue for the first half of fiscal 2021 at USD1.73 billion, according to a company filing on 17 August. Net profit for the six months ended 30 June 2021 was USD83.1 million, compared to USD1.3 million last year. The low base was due to the COVID-19 pandemic. “Nexteer’s financial performance in the first half reflects our resilience and our commitment to our strategy for profitable growth. Going forward, Nexteer ...
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    Nexteer appoints Robin Milavec as president, announces other leadership changes
    Automotive steering components and motion control systems supplier, Nexteer Automotive, has announced that it has appointed Robin Milavec as President in addition to his current role as the company’s global CTO, chief strategy officer and executive board director. According to a press release issued by Nexteer on 17 August, Tao Liu, Nexteer’s president and global COO, has retired effective 15 August. Furthermore, Bill Quigley, the company’s CFO, has also announced his retireme...
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    Nexteer expands capabilities of its electric power steering systems for EVs
    Global steering and driveline component supplier, Nexteer Automotive has expanded the output capabilities of its pinion electric power steering (EPS) systems to meet the requirements of heavier electric vehicles (EVs) positioned across segment B, C, and D, the company said in a press release on 11 August. The company said that its new high-output options for single pinon-assist EPS (SPEPS) and dual pinion-assist EPS (DPEPS) join its previously announced rack-assist EPS (REPS) to provide high-...
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    Nexteer Automotive establishes strategic software team across four global locations
    Nexteer is reorganizing its software department to create a single strategic software team across four global locations, including the Global Technical Center in Saginaw, United States, Regional Technical Centers in Poland and mainland China, as well as a software center in Bengaluru, India. The newly formed team will report directly to chief technology officer Robin Milavec. The software team will support electric power steering (EPS) systems and advanced steering feature development. The ne...
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    Nexteer’s FY 2020 revenues slide by 15% y/y to USD3 billion
    Nexteer Automotive has reported a loss in revenues of 15% y/y to USD3.03 billion for FY 2020  ended 31 December 2020, according to a press release on 17 March today. The company’s net income also declined by roughly 50% y/y to USD117 million, mainly due to decline in revenues on the back of impact of global COVID-19 pandemic. In terms of product lines, sales of Electric Power Steering (EPS) fell 14.6% y/y to USD2 billion and accounted for about 68% of Nexteer’s total revenue in 2020....
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    Nexteer expands driveline portfolio for EVs
    Automotive steering components and motion control systems supplier, Nexteer Automotive, has announced that it has further expanded its driveline portfolio with its new Halfshaft technologies that are tailored to meet the unique demands of electric vehicles. According to a press release issued by Nexteer on 2 March, the company stated that this new Halfshaft technology enhances durability and efficiency while optimizing noise, vibration, and harshness (NVH) performance. This product also offer...
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    Nexteer invests in NPS Academy in mainland China to deliver improved products
    Nexteer Automotive has announced the inauguration of its APAC Nexteer Production System (NPS) Academy earlier this week. According to a press release issued by Nexteer on 11 December, the company stated that this event marks the establishment of Nexteer's comprehensive Core Engineering, Intelligent Manufacturing and Lean Production program in the APAC region. The new academy is located in Nexteer’s Suzhou Plant in China, and it covers an area of more than 300 square meters (over 3,200 squar...
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    Nexteer and Continental JV CNXMotion develops brake-to-steer technology
    CNXMotion, the joint venture between Continental and Nexteer, has developed a new brake-to-steer technology. According to a press release issued by Nexteer on 2 December, the company stated that the new technology will provide an additional layer of directional control for highly automated and autonomous vehicles to improve vehicular safety. This system functions by using the electronic brake system to safely steer the vehicle while simultaneously controlling its speed. In a fully autono...
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    Nexteer develops new high-output electric power steering system
    Nexteer Automotive has developed a new high output electric power steering system. According to a press release issued by Nexteer on 21 October, the China-owned supplier has stated that this new system delivers improved safety and comfort features as well as better fuel efficiency for light commercial vehicles and heavy-duty trucks. With the ability to steer these vehicles electrically, the vehicles can also have features such as lane keep assist, crosswind compensation, and trailer assist. T...
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    Nexteer’s H1 2020 revenues slides 33.9% y/y to USD1.2 billion
    US-based automotive steering and other components supplier, Nexteer, has announced its financial results for the first half of 2020. According to a press release issued by Nexteer dated 18 August, the company stated that it posted a revenue of USD1.2 billion during the first six months of 2020. This implies a 33.9% year-over-year (y/y) decline compared with the USD1.83 billion in revenue generated during the same time frame in 2019. Significantly weaker customer demand and production sus...
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    Steer-by-wire power steering system demand to surge within five years
    Automotive steering systems have experienced occasional changes in terms of their design and complexity. While the basic technology has endured for generations, innovation has sporadically made noteworthy advancements to the way we steer our vehicles. After the advent of steering systems that used rack and pinion gears to turn the wheels, important advancements included the development of the collapsible steering column that improved driver safety in the event of a collision, power steering mech...
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    COVID-19 pandemic: Nexteer produces protective masks and face shield headbands
    Nexteer Automotive has announced that it will be using its 3D printers in Michigan, United States, and Tychy, Poland, to make plastic protective masks and face shield headbands to help medical professionals fight the coronavirus disease 2019 (COVID-19) pandemic. In a press release dated 1 April, Nexteer said that it is currently producing about 50 face masks and 100 face shields each day, while exploring additional manufacturing processes to increase capacity to more than 1,000 masks dai...
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    Nexteer 2019 sales drops 19% y/y to USD3.58 billion
    Nexteer Automotive has reported its annual results for the fiscal year ended 31 December 2019.  According to a company press release on 29 March, revenues in 2019 declined 8.6% year on year (y/) to USD3.58 billion. Net profit also fell by 38.7% y/y to USD232.4 million, largely reflecting the impact of the lower revenue. Lower revenue also resulted in a lower operating profit of USD272.6 million, down 35.7% y/y. In terms of product lines, sales of Electric Power Steering (EPS) fell 4.5% y...
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    Nexteer opens technical center in China
    Nexteer Automotive has opened a technical center in Suzhou Industrial Park in China, according to a press release on 9 January. The new Asia Pacific Technical Center spans across an area of more than 30,000 square meters; it includes research and development (R&D) labs and test tracks. The technical center will also serve as the headquarters of Nexteer's Asia Pacific Division, housing corporate functions such as sales, purchasing, finance, and more. The center serves as the hub for Nexteer...
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    Nexteer’s president Michael P. Richardson retires
    Nexteer's president and executive board director Michael P. Richardson has announced his retirement, according to a company press release on 2 January. The company has appointed Tao Liu, who is serving as senior vice president and global chief operating officer, as the new president. Richardson began his career in 1974 at the former Saginaw Steering Gear Division. Subsequently, he held a range of assignments across skilled trades, manufacturing, engineering, and business leadership within the...
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    Nexteer, Dongfeng Components JV begins steering systems production in China
    Dongfeng Nexteer Steering Systems (Wuhan) Co Ltd, a 50:50 joint venture (JV) in China between Nexteer Automotive and Dongfeng Motor Parts and Components Group Co Ltd, (Dongfeng Components), has started mass production of single pinion assist electric power steering (SPEPS) systems, according to a Nexteer press release on 20 August. "The start-of-production of the JV indicates an increasing alignment between the two companies. We will be closer, faster and more focused on servin...
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    Nexteer’s H1 net profit down 34.5% y/y to USD148.9 million
    Nexteer Automotive has reported a 34.5% year-on-year (y/y) drop in net income to USD131 million for the first six months ended 30 June 2019, the US-based company said in a press release on 13 August. Revenue declined by 10% y/y to USD1.8 billion. The company’s EBITDA also fell by 16% y/y to USD277 million. As of 30 June 2019, Nexteer reported backlog of booked business of USD25.2 billion, an increase of 5.4% compared to the backlog at the end of the previous financial year. The company repo...
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    Nexteer opens new EPS plant in Morocco
    Nexteer Automotive held an opening ceremony yesterday (26 June) of its first African plant in Kenitra, Morocco, according to a company press release. The new facility will manufacture electric power steering (EPS) systems for Groupe PSA, as well as driveline systems for Fiat Chrysler Automobiles (FCA), Groupe PSA and Renault-Nissan-Mitsubishi Alliance. The plant is expected to create around 500 jobs by 2020. “Nexteer’s new Morocco plant is another milestone in our ongoing plan for global ...
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    Nexteer’s FY 2018 net profit up 7.9% y/y to USD380 million
    Nexteer Automotive has reported a 7.9% year-on-year (y/y) increase in net income to USD380 million for the fiscal year ended 31 December 2018, the US-based company said in a press release on 12 March. Revenue increased marginally, by 0.9% y/y, to USD3.9 billion. The company’s EBITDA remained almost flat y/y at USD620 million. At the end of the year, Nexteer reported backlog of booked business of USD25.2 billion, an increase of 5.4% compared to the backlog at the end of the previous financial y...
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    Nexteer opens new software center in India
    Nexteer Automotive has opened a new software center in Bengaluru, Karnataka (India), to meet growing demand for its software-enabled functionality in advanced steering applications, the US-based supplier said in a press release on 31 January. The India Software Center (ISC) will join Nexteer’s other software centers located in Saginaw, Michigan (United States), Suzhou (China), and Tychy (Poland). Currently, the new center has 100 software engineers, which is planned to grow to 200 by the ...
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    Nexteer Automotive opens new plant in India
    Nexteer Automotive inaugurated a new production facility in Chennai, India, on 29 January to manufacture electronic power steering (EPS) and driveline products, according to a press release. The new plant is expected to create 150 jobs at the site by the end of 2019. “The Chennai plant is a wholly-owned subsidiary of Nexteer Automotive, covering an area of 8,336 square meters,” said Madhav Kulkarni, managing director, Nexteer India. He added, “This strategic manufacturing footprint expansi...
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    Chassis sector wrap-up 2018
    2018 has been a busy year for the global chassis components sector as a major shift toward weight savings and electronification of braking, steering, and suspension systems emerged. The word active was abundantly used across the chassis components sector as the industry came to understand the benefits of having such a system. With a focus on adaptive and dynamic features to increase customer comfort and convenience, apart from vehicle handling, IHS Markit expects the next few years to be impe...
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    Nexteer’s H1 net income rises 11.1% y/y to USD200 million
    Nexteer Automotive has reported 11.1% year-over-year (y/y) increase in net income to USD200 million  for the first half ended 30 June 2018, the US-based company said in a press release on 14 August. Revenue increased 3.7% y/y to USD2.05 billion. The company’s EBITDA increased marginally by 1.3% y/y to USD331 million  while its operating income remained at USD240 million, compared with the same period a year earlier. At the end of the first half, Nexteer reported backlog of ...
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    EPS drives demand for subcomponent systems market
    About seven suppliers cater to 75% of the world’s power steering systems (PSS) demand, serving more than ten customers. However, the supplier base for electronic control units (ECUs) and motors is less expansive than that for PSS. To put this in perspective, two-thirds of the PSS ECU demand is catered to by about five major suppliers, as is the case for motor suppliers. The supplier base for hydraulic pumps, however, is slightly larger, with eight suppliers catering to two-thirds of ...
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    Nexteer Automotive to open new ‘Software Center’ in India
    Nexteer Automotive plans to open a new ‘Software Center’ in India, the company announced in a press release yesterday (9 April). The new software center will expand the company’s strategic software investment and global software team that operates under one digital roof with locations in Saginaw (United States), Tychy (Poland), and Suzhou (China). “Nexteer’s software business model and our enhanced global team structure is based on delivering innovative software solutions with speed...
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    Nexteer Automotive breaks ground on new production facility in Morocco
    On 22 March Nexteer Automotive broke ground on a new facility in Kenitra, Morocco, the company announced in a press release yesterday (4 April). The facility will initially manufacture electric power steering (EPS) systems, with plans to extend manufacturing to driveline products. The company expects to hire approximately 500 people at the new facility by 2020. “Nexteer’s key differentiators include our global manufacturing footprint and our in-house capabilities in producing high-quality...
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    Nexteer Automotive’s 2017 net profit up 19.4% y/y to USD352 million
    Nexteer Automotive has reported a 19.4% year-over-year (y/y) increase in net profit to USD352 million for the financial year ended 31 December 2017, the US-based steering systems supplier said in a press release earlier this month. The company also recorded 7.5% growth in EBITDA to USD621 million and 3.1% y/y increase in operating income to USD428 million. Nexteer’s full-year revenue increased 0.9% y/y to USD3.88 billion. The company’s revenue increased marginally, by 1% y/y, in North Ame...
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    PSS market players focus on parallel growth in technology and production
    Positive global automotive market conditions, alongside technology and regulatory changes are pushing developments in the global power steering sector. IHS Markit expects the global power steering systems (PSS) market to grow at a CAGR of 1.8% from 2016 to 2023, to reach a market size of more than USD26 billion by 2023. The change is more prominent in the dominant electronic power steering (EPS) market, with an expected rise of 3.8% (CAGR) for the forecast period. The growing demand for drivi...
    Insights
    Nexteer Automotive to open new plant in Morocco in 2019
    Nexteer Automotive will open a new production facility in Kenitra, Morocco in 2019 to manufacture single pinion-assist electric power steering (SPEPS) systems, the company announced in a press release yesterday (22 February). The company plans to produce driveline products also at the new Moroccan facility in the future. The company will break ground on the new 18,000-square meter plant in late March with plans to start production in 2019. Significance: The new Moroccan plant will be the...
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    2018 NAIAS: Electronics ‘drive’ the car
    Automakers today are looking to create vehicles relevant to the current consumer theme, in which electronics and staying “connected” are central. However, staying consistently “online” means potential driver distraction, thereby leading to automakers focusing on active safety in their vehicles. This year’s 2018 North American International Automotive Show emphasized these points in its offerings related to chassis. With no sign of letting up, automakers showcased changes in vehicles...
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    NAIAS 2018: Nexteer exhibits steering technologies for autonomous driving
    Nexteer is exhibiting a range of steering technologies for autonomous driving at the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan (United States), the company said in a press release yesterday (16 January). The company's display includes 'Steering on Demand' system, 'Quiet Wheel' steering', stowable steering column, steer-by-wire (SBW), electric power steering (EPS) and cyber-secure advanced steering systems. Significance: The US-based supplier had showca...
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    EDITORIAL – Nexteer targets Chinese EPS market to drive growth
    China has become a key growth market in Asia for Nexteer over the years, and the company expects the market to remain so in the years ahead. The US-based supplier has been investing heavily in China over the past few years, particularly in the electric power steering (EPS) segment. The EPS systems effectively eliminate the conventional hydraulic system’s components, replacing with an electric motor and ECUs, depending on the complexity of the system.   Nexteer’s strategies for p...
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    Nexteer breaks ground on new EPS plant in China
    Nexteer Automotive has broken ground for its new plant for electric power steering (EPS) in Liuzhou, China, the company announced in a press release on 19 December. The construction of the new plant is expected to start at the end of 2017 and complete by October 2018. Spread over an area of 11,884 square meters, the plant will generate 500 new jobs. “Nexteer’s new Liuzhou Plant will be another significant part of our global manufacturing network, bolstering our momentum in serving our Asi...
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    Nexteer to open new Asia Pacific Technical Center in China
    Nexteer Automotive broke ground last week (16 November) on its new Asia-Pacific Technical Center in Suzhou Industrial Park, China, according to a company press release. The center spanning an area of over 30,000 square meters includes office space, research and development (R&D) facilities and a test and validation laboratory. It will house various departmental functions such as product engineering, manufacturing engineering, purchasing, finance, sales and management. The center will also ha...
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    Nexteer developing intelligent hands-free steering solutions for self-driving cars
    Nexteer is working on intelligent hands-free steering technology for self-driving cars, Frank Lubischer, Nexteer's chief technology officer told Automotive News during the Frankfurt auto show last month. Lubischer has hinted at the possibility of starting production of such systems early next decade. "We are close. It's no longer a question whether the customer wants it. It's full development ... and it will be after 2020," Lubischer was quoted as saying. Significance: Steer-by-wire (SBW), wh...
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    IAA Frankfurt Motor Show 2017 – Chassis Insights
    The Frankfurt Motor Show has long been the platform automakers and suppliers use to showcase what they have been working towards and what they are looking to pass on to the industry in the future. The 2017 edition has been an iteration of that concept, this time to create a “by-wire” culture. Steer-by-wire (SbW) and brake-by-wire (BbW) are dominant technological concepts being furthered today in the chassis sector, particularly due to the push automakers and suppliers have to involve ADAS...
    Insights
    IAA 2017: Nexteer Automotive exhibits steering technologies
    At the IAA 2017 in Frankfurt (Germany), Nexteer Automotive is launching two steering technologies – high availability electric power steering (EPS) and advanced Steer-by-Wire (SbW) – that enable advanced safety and functions for Level 2-5 automated driving, the company announced in a press release yesterday (13 September). “As OEMs continue investment in high availability EPS, the migration to SbW becomes more cost-effective. Meanwhile, we enable easier SbW migration through our flexibi...
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    WABCO, Nexteer to jointly develop active steering systems for commercial vehicles
    WABCO Holdings has entered a long-term cooperation agreement with Nexteer Automotive to jointly develop and supply active steering systems for medium- and heavy-duty commercial vehicles, the two companies said in a joint press release on 29 August. The active steering system will integrate Nexteer’s MagnaSteer actuation technology with RH Sheppard’s suite of power steering gears. According to the two partners, the active steering solution, developed through collaboration, will make vehicl...
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    Nexteer Automotive H1 net income up 20.7% to USD179.7 million
    Nexteer Automotive has reported 20.7% year-over-year (y/y) increase in net income to USD179.7 million for the first half ended 30 June 2017, the US-based steering system supplier said in a press release yesterday (15 August). Revenue for the period amounted to USD1.97 billion, up 2.6% y/y. The company’s EBITDA increased by 12% y/y to USD327 million. Nexteer reported free cash flow of USD136 million in the first half, up from USD24 million in the same period of the previous year. In terms of...
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    Nexteer opens new column-assist EPS manufacturing plant in Indonesia
    US-based Nexteer Automotive has opened a new manufacturing plant in Bekasi, Indonesia to produce brush column-assist electric power steering (EPS) systems, the company announced in a press release yesterday (26 July). The new plant, which will operate as a wholly owned subsidiary of Nexteer, spans nearly 3,000 square meters. The plant will provide EPS for the Indonesian subsidiary of SAIC-GM-Wuling Automobile (SGMW), strengthening its long-term relationship with the automaker. “We are embra...
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    ‘Steering’ the transition between driver and autonomous driving
    Autonomous driving, though still seen as a trend decades away, is catching up and in many ways influencing the way automakers invest in technology. Among the technology changes seen recently, steering and braking are being significantly impacted, as they remain key safety areas in a vehicle. And safety is key to an autonomous driving future. Suppliers such as Bosch and Nexteer are keen to develop technologies that bridge the gap between conventional and autonomous vehicles. For instance, Next...
    Insights
    Nexteer Automotive develops cyber security technologies for steering systems
    Nexteer Automotive has developed cyber security technologies for steering systems to protect them from malicious intrusions and unverified steering commands, according to a company press release yesterday (19 April). The cyber security technologies include hardware modules on the semi-conductor level, as well as a multi-layered cryptographic software structure, which helps identify and authorize information and command flow between the steering system and other in-vehicle or external controllers...
    News
    Nexteer, Dongfeng form JV for electric power steering systems
    Nexteer Automotive and Dongfeng Motor Parts and Components Group have agreed to form a 50:50 joint venture (JV) in China to supply electric power steering (EPS) systems to Dongfeng Motor Group and its alliances with foreign carmakers, Nexteer announced in a press release yesterday (10 April). As per the agreement, the JV facility will be located near Dongfeng's headquarters in Wuhan, China. Significance: Nexteer expects the JV to strengthen its presence in the Chinese market. “By providing ...
    News
    Nexteer’s 2016 net profit up 44% y/y to USD295 million
    Nexteer Automotive has reported 43.5% year-over-year (y/y) increase in net profit to USD294.7 million for the financial year ended 31 December 2016, the US-based steering system supplier said in a press release on 14 March. The company’s operating profit increased 32.7% y/y to USD415.5 million. Nexteer attributed strong growth in net and operating profit to 14.3% y/y growth in revenue to USD3.8 billion.   In January 2016, Nexteer reorganized its reporting into three region-based segmen...
    News
    NAIAS 2017: Nexteer, Continental announce joint venture
    Nexteer Automotive and Continental will form a joint venture (JV) focused on the advancement of motion control systems and actuator components for automated driving, the two companies announced during a press conference at the North American International Auto Show (NAIAS) this week in the United States. The JV, based in Michigan, will integrate Nexteer's advanced steering and driver assistance technologies with Continental's portfolio of automated driving and advanced braking technologies, a...
    News
    NAIAS 2017: Nexteer Automotive showcases new steering technologies for autonomous vehicles
    Nexteer Automotive is showcasing two new steering technologies – Steering on Demand™ and Quiet Wheel™ Steering – at the ongoing North American International Auto Show (NAIAS) in Detroit, Michigan (United States), the company said in a press release yesterday (9 January). The Nexteer Steering on Demand, designed for vehicles capable of SAE Level 3, Level 4 and Level 5 automated driving, enables safe, intuitive transitions between driving modes. The system also enables the driver to cus...
    News
    Nexteer opens new plant in China
    Nexteer Automotive has inaugurated a new manufacturing plant in Chongqing, China, according to the company’s press release on 26 October. The 86,000-square foot plant located in Dengan Industrial Park, in the Jiangjin district of Chongqing, will produce brush and brushless varieties of column assist electric power steering (CEPS) and intermediate shafts for Chinese and global automakers operating in China. The plant is expected to employ 700 people by 2021.   The US-based steering syst...
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    Poland to receive big investment from US OEM, says minister
    Poland’s deputy prime minister, Mateusz Morawiecki, has said that a major investment will be made in the country by a US automaker, reports Reuters. "We have a decision on another, big investment, American one, in the automotive sector," the report quoted Morawiecki as saying, although the minister did not offer more details. The minister was speaking at a news conference on Daimler's EUR500 million (USD550 million) investment in an engine plant in southwest Poland. Morawiecki also said separa...
    News
    Nexteer manufactures 40 millionth electric power steering system
    US-based steering system and driveline products supplier Nexteer Automotive has manufactured its 40 millionth electric power steering (EPS) system, the company said in a press release on 4 October. The production milestone signifies a shift in industry demand for lateral control systems that offer greater fuel efficiencies; tailored, tunable driving experiences; and enable advanced driver assistance system (ADAS) features, the company said. Since January 2013, Nexteer has doubled its EPS p...
    News
    Nexteer opens new manufacturing plant in India
    Nexteer Automotive has opened a new manufacturing plant in Chakan near Pune, Maharashtra (India), according to a press release. The new plant will focus on producing halfshaft components for its customers in India. The plant covers an area of 35,000 square feet of shop floor and 5,700 square feet of office space. It can be further expanded to increase shop floor area to 35,000 square feet. In future, Nexteer plans to expand the Pune plant to produce electric power steering (EPS). The plant is ex...
    News
    Nexteer Automotive names Michael Richardson as president
    Nexteer Automotive has appointed Michael P. Richardson as president, less than two weeks after appointing him as interim president and chief operating officer (COO), said a company press release yesterday (14 September). Richardson will also retain his previous title of executive board director. The company has also appointed Tao Liu as senior vice-president and global COO. Both appointments will be effective from 1 October 2016. Liu has served as Nexteer’s vice-president, COO– Asia Pacif...
    News
    Nexteer president resigns on good terms
    Laurent Bresson has resigned as president of Nexteer, according to a company statement. The company has named Michael Richardson as interim president and global chief operating officer. Richardson also serves as Nexteer's senior vice-president, executive board director, and chief strategy officer. Gubin Zhao remains Nexteer chairman, executive board director, and CEO. In a statement, Zhao said, "We are thankful for Laurent's leadership over the past four years as Nexteer completed the final step...
    News
    Nexteer Automotive opens new global headquarters in US
    Nexteer Automotive has opened its new global headquarters in Auburn Hills, Michigan (the United States), the company said in a press release yesterday (25 August). The 52,000-square foot headquarters houses 150 employees and accommodates all corporate functions that are global and strategic in nature. The new facility also features collaborative tools to enable real-time collaboration among team members located around the world. "Because we are a global company, we have made a deliberate choice ...
    News
    Nexteer’s H1 net income jumps 54.2% y/y to USD149 million
    Nexteer Automotive reported  54.2% year-over-year (y/y) increase in net profit to USD148.9 million for the first six months ended 30 June 2016, the company said in a press release. Revenues for the period were up 17% y/y to USD1.9 billion, driving 44.2% y/y growth in operating profit to USD215.4 million.   In January this year, Nexteer restructured its internal organisation and management structure that resulted in a change in reportable segments. The company now classifies its busi...
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    India-based Rane to invest USD6 million for capacity expansion at US plant – report
    Rane (Madras) Ltd, a unit of India-based Rane Group, will invest USD5.8 million at its precision die-casting facility in Russellville, Kentucky (United States), reports Area Development Online. The company will invest in new equipment, tooling and upgrading of the facility that manufactures high-pressure aluminium die-casting steering and compressor components for the automotive industry. The facility supplies tier-1 suppliers such as Nexteer, Mahle, JTEKT and ZF TRW.     Sig...
    News
    Management changes (Issue 5, 2016)
    Akebono Brake has appointed Dr. Wilm Uhlenbecker as president and CEO, effective immediately, the company said in a press release yesterday (11 April). He will succeed interim president and CEO, Kanji Miyajima, who will serve as executive advisor to Uhlenbecker. Allison Transmission has promoted David S. Graziosi, the chief financial officer (CFO), to president, effective immediately. Graziosi will continue to retain his role as the head of finance at Allison. Graziosi joined Allison in Nove...
    Insights
    Nexteer appoints William Quigley as senior vice president and CFO
    Nexteer Automotive has appointed William Quigley as senior vice president and chief financial officer (CFO), says a press release. Quigley, who replaces Joe Perkins, will be responsible for investor relations, treasury, capital funding, mergers and acquisitions, and financial reporting functions. Perkins quit Nexteer in December 2015 to become senior vice president and CFO at Key Safety Systems. Before this appointment, Quigley was a director and audit committee chairman (2015-2016) at the ...
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    Difficult challenges ahead in development of China’s supply base
    Profitability under attack Organically formed as the outcome from the development of the automotive industry at OEM level, the automotive component supply base in China is characterised by its fragmentation, formed of approximately 20,000 companies supplying 108 automakers. During the dawn of the Chinese car making industry, OEMs were keeping a firm grip on component costs, either relying on a closed network of suppliers or producing components in-house. This control, coupled with local gove...
    Insights
    Nexteer opens new manufacturing plant in Poland
    Nexteer Automotive has opened a new manufacturing plant in Poland, its third plant in Europe, the company said in a press release yesterday (13 April). The company has also announced that it would open its first technical centre in Tychy, Poland in mid-2016. The overall investment will exceed USD16 million, with plans to invest more in high technology equipment and tools in the upcoming years and plans to hire more than 100 engineers in coming years. Additional investment in coming years is ...
    News
    Rane acquires Precision Die Casting
    Indian auto parts supplier Rane has acquired Precision Die Casting (PDC) and its Russellville site in Kentucky (United States). According to a report by News Democrat Leader, the site was renamed Rane Precision Die Casting, Inc. at an event yesterday (28 March). Rane plans to retain the about 160 employees from PDC. Significance: In January this year, Rane had agreed to acquire US-based PDC for an enterprise value of USD8.9 million to expand into the die-casting market outside India. The com...
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    Interview: Frank Lubischer Senior vice-president, Global Engineering and Chief Technology Officer, Nexteer
    Can we start by getting some background history on Nexteer? What is now Nexteer first introduced electric power steering (EPS) in 1999. That was the first product. At that time we were part of Delphi. In 2010 we were bought by Pacific Century Motors (PCM), based in E-Town, Beijing. Since 2013 we have been publically listed on the Hong Kong Stock Index, 33% public and the remainder owned by PCM. It’s been a bumpy ride. Yes, it has. Like most companies the downturn affected us badly,...
    Insights
    Nexteer's net profit up 27% y/y to USD205.4 million in 2015
    Nexteer Automotive reported a 27.3% year-over-year (y/y) increase in net profit to USD205.4 million for the financial year ended 31 December 2015, the company said in a press release. Operating profit increased 32.2% y/y to USD313.1 million. Sales increased 12.8% y/y to USD3.36 billion. Sales to GM accounted for 48% of total sales. The company reports sales in two product areas, Steering and Driveline. Steering comprises Electric Power Steering (EPS), Column and Intermediate Shafts (CIS), a...
    News
    Nexteer highlights driver assistance technology for heavy-duty trucks at Detroit auto show
    Nexteer Automotive has showcased its technology, MAGNASTEER™ with Torque Overlay (MTO), at the 2016 North American International Auto Show (NAIAS) in Detroit, Michigan (United States), said a company press release. Meant for use in heavy-duty trucks, the MTO offers the advanced driver assist features such as park assist, pull compensation, active return to centre, lane keeping and others, which are typically found only in electric power steering systems (EPS) for passenger cars and light-duty ...
    News
    Nexteer’s UAW workers ratify contract in US
    United Auto Workers (UAW) ratified the second proposed contract with Nexteer on 19 December, with 61.4% approving the proposal. The second proposal, addressing critiques of the first, offers a higher wage structure and lower health care costs, addressing two of the concerns which caused workers to reject the first proposed contract and to go on a 20-hour strike. The contract expires 20 March 2020. Significance: Nexteer was forced to negotiate a second contract, after workers held a short st...
    News
    Nexteer's UAW workers voting on new proposal – report
    Supplier Nexteer and the United Auto Workers (UAW) have hammered out a second proposal, with UAW workers taking a second vote this week. This proposal offers a higher wage structure as well as lower health care costs, addressing two of the concerns that caused workers to reject the first proposed contract and to go on a 20-hour strike. According to an Automotive News report, Local 699 president Rick Burzynski believes this vote will be more successful, saying, "Overall, it looks pretty good righ...
    News
    The Indian Automotive Supply Base
    Speed bumps The supplierindustry has had to manoevre a couple of rough patches in the recent past, especially in FY 2008/09, during the global economic slowdown, and more recently in FY 2013/14, owing to a slowdown in economy and vehicle sales and production in India. According to an estimate, more than 40% of production capacity remained unused during 2012-2014 due to subdued demand for new vehicles. The commercial vehicle industry has had a relatively tougher time with production declining...
    Insights
    Management changes (Issue 10, 2015)
    Alcoa has announced executive management appointments for the Value-Add Company, according to a press release dated 24 November. Ken Giacobbe, the chief financial officer (CFO) of Alco’s Engineered Products and Solutions business, is appointed CFO of the Value-Add Company. Klaus Kleinfeld, chairman and CEO of Alcoa, will be the new chairman and CEO of Value-Add Company. Kleinfield will also serve as chairman of the Upstream Company in the initial phase to ensure a smooth transition. The change...
    Insights
    UAW workers in US settle Nexteer strike within hours – report
    Workers at supplier Nexteer’s Saginaw, Michigan (United States) plant went on a roughly 20-hour strike on 8 December, after rejecting a contract proposal. According to a post on the UAW Local 699 Facebook page, the strike ended about 8 pm on 8 December, with the posting: “The union and the company have reached a tentative agreement. This means everyone is to report to their regular schedule starting 3rd shift tonight…More information to follow as information becomes available.” The vice-...
    News
    Nexteer workers reject contract
    UAW workers at supplier Nexteer's Saginaw, Michigan, United States, plant rejected a proposed contract, with 3,103 voting "no" to the contract and 80 voting "yes", reports Automotive News. The report says that workers voiced concerns over health care and wage provisions and that some felt the raises were not large enough and objected to losing three paid holidays. In a statement from Nexteer, the company said, "While this is disappointing, it is a clear message from our employees and one we are ...
    News
    Key Safety Systems (KSS) appoints Joseph Perkins as senior VP, CFO
    Key Safety Systems has appointed Joseph Perkins as its new senior vice-president and chief financial officer (CFO), said a company press release yesterday (3 December). Perkins has over 20 years of experience in financial roles and automotive business. Most recently, he served as the senior vice-president and CFO at Nexteer Automotive. He played a key role in driving the transformation of Nexteer from a private to public company. Under Perkins's leadership as CFO, the company executed a suc...
    News
    Nexteer, UAW reach tentative contract agreement – report
    Nexteer has reached a tentative agreement with the United Auto Workers (UAW) for a new labour contract, according to a Detroit News report. The proposed deal will cover 3,200 workers, though no details on the agreement have been announced. Nexteer director of global corporate affairs Luis Canales is quoted as saying, “The parties believe the agreement recognizes the contributions of the employees and the commitment of Nexteer to continue providing quality jobs for their employees and quality p...
    News
    Aviation Corporation of China buys Henniges Automotive
    Chinese state-owned group Aviation Corporation of China (AVIC) has acquired Henniges Automotive Holdings, a global supplier of noise, vibration and harshness (NVH) products for the automotive industry. In a company statement, Henniges announced that it has been fully acquired by AVIC and the Chinese company will provide capital and investment to boost growth of the sealing and anti-vibration solutions that the supplier produces. Henniges recently invested in facilities in Mexico, China and Germa...
    News
    EDITORIAL – As China’s Stock Market suffers, demand for light-vehicles also sees a slowdown
    After soaring 150% over the course of a year, the benchmark Shanghai Stock Exchange (SSE) Composite Index fell by more than 30% last week in an event dubbed ‘Black Monday’. The day’s trading saw billions wiped off the Shanghai Composite and other markets around the globe, with stocks rallying towards the end of the week.  The volatility in the stock market begs the question of how much of an impact this will have on the industrial sector and consumer demand in the region, especial...
    News
    Nexteer opens new plant in China
    Nexteer Automotive has opened a new manufacturing plant in China, reports Dow Jones. Located in Liuzhou, the latest plant is the US-based supplier's fourth manufacturing facility in China. The move will allow the company to double its workforce in Liuzhou to 400 by 2016. Significance: Nexteer Automotive, formerly a subsidiary of General Motors (GM), is headquartered in Saginaw, Michigan, United States. The manufacturer of steering systems is owned and controlled by AVIC and Pacific Century M...
    News
    TI Automotive, Nexteer plan headquarters moves in Detroit
    Suppliers TI Automotive and Nexteer are both moving headquarters in the near term, with further announcements made this week. TI Automotive, currently based in Auburn Hills, Michigan, United States, will move to a new building in the city, which will house corporate offices and a technical centre. TI said its current facility has no further capacity and it had considered moving some jobs out of Auburn Hills into offices in other states, reports Automotive News. TI is to receive a USD500,000 perf...
    News
    China's Aviation Industry Corp. agrees to acquire US-based Henniges Automotive – report
    China-based Aviation Industry Corporation (AVIC) has agreed to buy Henniges Automotive for about USD800 million, including debt, The Wall Street Journal reported on 29 June. According to the people familiar with the news, the deal is currently awaiting necessary regulatory approvals, and could be announced soon. Significance: The Henniges acquisition follows AVIC's last automotive acquisition of Nexteer Automotive. In March 2011, AVIC Auto, a subsidiary of AVIC, acquired a 51% stake in PCM C...
    News
    Nexteer Automotive's cumulative EPS production reaches 30 million units
    Nexteer Automotive recently produced 30th million units of electric power steering (EPS) units, said a press release on Thursday (25 June). Steve Spicer, global product line executive – Electric Steering, Nexteer, said, "Hitting this significant milestone comes at an exciting time as we celebrate not only how far we've come, but also where we're heading with EPS and other technologies on the path to Advanced Driver Assist Systems and autonomous driving." Significance: EPS systems are in h...
    News
    Nexteer joins Affiliates Program at University of Michigan’s Mobility Transformation Center
    Nexteer Automotive is among the 27 companies from a wide range of industries that have joined the Affiliates Program at University of Michigan’s Mobility Transformation Center (MTC) to help develop a viable system of connected and automated vehicles, says a company press release. “We’re excited at the opportunity to be an active player with the MTC in transforming the auto industry...This partnership between academia, government, OEMs and automotive suppliers harnesses the power of great t...
    News
    Nexteer Automotive’s 2014 net profit jumps 48% y/y to USD161 million
    Nexteer Automotive reported 47.8% year-over-year (y/y) increase in net profit to USD161.4 million during the financial year ended 31 December 2014, the company said in a press release. Operating profit increased 36.9% y/y from USD173 million to USD236.9 million. The US-based steering system specialist recorded strong growth in earnings primarily on 24.7% y/y increase in revenue to USD3 billion. Nexteer benefitted from increased vehicle production in key markets including North America and China ...
    News
    Nexteer to move headquarters – report
    Nexteer Automotive, formerly Delphi’s steering unit now Chinese-owned, is planning to move its US headquarters from Saginaw, Michigan (United States) to the suburbs of Detroit, Michigan (United States). According to a Crain’s Detroit Business report, Nexteer plans to lease a building north of Detroit in the next few weeks. It will move about 150 employees, including top management, global financial team, human resources, information technology and sales staff. The CEO, Joe Perkins, told the ...
    News
    Nexteer to invest BRL57 million to expand production in Brazil
    Nexteer, a supplier of steering gears, has announced plans to invest BRL57 million to build a new electric steering production line at its existing factory in Porto Alegre. Valor Economico reports that the investment will enable the acquisition of new equipment as well as creating 100 new jobs. The new line is forecast to be operational in the first half of 2016, though the company has not disclosed the customer for the expanded production. Nexteer reports that the investment could triple output...
    News
    AVIC aims to buy Henniges Automotive
    The Aviation Industry Corporation of China (AVIC) plans to buy North American automotive supplier Henniges Automotive Holdings, Inc. for USD1 billion, according to a Bloomberg report that quotes unnamed sources familiar with the situation. Significance: AVIC has already purchased international automotive-related companies. In 2014 the state-owned Chinese supplier was reported to have acquired German supplier Hilite, subject to approval. In 2011 AVIC acquired the controlling stake in Nexteer ...
    News
    Chinese investigations into foreign firms highlight tensions between the local and global OEMs and suppliers
    The Chinese government has started releasing the findings of various probes into the auto industry, resulting in price adjustments of vehicles and spare parts from foreign brands operating in China. The steady stream of investigations into allegations of monopolistic strategies in China has been conducted by the National Development and Reform Commission (NDRC), with various subsidiary divisions at provincial levels actively conducting the probes. The NDRC has already confirmed it has “fou...
    Insights
    Nexteer to supply Dongfeng Peugeot 2008 with advanced EPS system
    Nexteer Automotive, a US-based supplier of advanced steering and driveline systems, will supply its advanced electric power steering (EPS) system for the Dongfeng Peugeot 2008 model, according to a Nexteer press release. The EPS system has been installed with advanced controller software. The supplier claims that the EPS system will provide drivers with added stability and comfort, resulting in enhanced driving experience, and will deliver improved fuel economy and efficiency. Commenting on ...
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