General Motors is selling its global steering business, formerly owned by supplier group Delphi, to Beijing-based Pacific Century Motors in one of the biggest sales of an auto-parts business to a Chinese company.
通用汽車(GM)將把旗下原為德爾福(Delphi)所有的全球轉向系統業務，出售給北京的太平洋世紀汽車系統有限公司(Pacific Century Motors)，這將是面向中國企業最大規模的汽車零部件業務出售交易之一。
GM said late on Wednesday that it would sell the business, known as Nexteer Automotive, to PCM, an entity formed by the Tempo Group and E-Town, an affiliate of Beijing』s municipal government. No financial details of the transaction were disclosed, but a person involved in the deal, who requested anonymity, said PCM paid about $450m.
通用汽車周三晚間表示，將把Nexteer Automotive出售給太平洋世紀。後者是天寶集團(Tempo Group)和北京市政府下屬的亦莊國際(E-Town)聯合組建的一個實體。交易的財務細節沒有公布，但一位要求匿名的知情人士表示，太平洋世紀支付了約4.5億美元。
GM acquired Nexteer from Delphi last year as part of arrangements to help the group exit bankruptcy. The US carmaker last year told its suppliers that it would sell it when market conditions improved.
Nexteer, based in Michigan, employs 6,200 people and makes electric power steering, hydraulic power steering, steering columns, and driveline halfshafts for more than 60 customers in North and South America, Europe, and Asia.
Stephen J Girsky, GM』s head of strategy and business development, said that the sale 「better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers.」
通用汽車戰略和業務發展部門負責人史蒂芬•格斯基(Stephen J Girsky)表示，此次出售「使Nexteer能與各類汽車製造商一道更好地利用全球汽車業預期的增長」。
PCM said it planned to leave Nexteer』s management team intact, led by Bob Remenar, its president, and respect the company』s five-year labour agreement with the United Auto Workers Union.
E-Town is a Chinese state-owned enterprise that serves as the financing arm of the Beijing municipal government.
Tempo, based in Beijing, makes parts for chassis, powertrain and driveline systems. It has an engineering centre in Detroit and sells its products in North America, Europe, Asia, and the Middle East.
Moelis & Co advised PCM on the deal, which involved eight months of negotiations.
Moelis & Co為太平洋世紀提供顧問服務，包括長達8個月的談判期。
Chinese investors have bought a number of automotive suppliers in recent years as the country』s car industry seeks to build its technological expertise and expand its global reach.
Zhang Boxu, director of E-Town Development Area, said that the deal would help to develop Beijing』s high-tech sector and turn it into 「a modern city with advanced industry and a sustainable economy」.