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February 8, 2012

Nexteer Automotive hiring 50 engineers for Customer Center in Troy, Michigan

Nexteer Chief Executive officer Robert Remenar speaks during a press conference at Nexteer Automotive, 3900 E. Holland in Buena Vista Township. Remenar announced Nexteer was making a large investment in Plant 3, adding manufacturing lines to produce state-of-the-art electric power steering components.

Buena Vista Township-based Nexteer Automotive is planning to hire 50 engineers for a new 30,000-square-foot customer service center at the Maple Research Center in Troy, MI where REalta Group asset manages the property.

A report from The Oakland Press said the service center is slated to open in April, and will allow engineers to work on application projects. The space will include a custom garage for ongoing customer programs.

In 2010 and 2011, Nexteer booked nearly $10 billion in new business, with 60 percent of that new business coming from sales of electric power steering.

Boosts in sales of electric power steering are attributed to auto makers working to reach higher standards of fuel efficiency, and electric power steering can deliver between 3 to 6 percent fuel savings.

Long-term customer contracts and increasing customer demand in its electric power steering technology, Nexteer is investing $150 million in its Saginaw County operations, resulting in the retention of more than 1,000 jobs.

The investment includes an expansion and upgrade of Nexteer's testing and validation capabilities, including an overhaul of Nexteer's Vehicle Evaluation Center, where drivers and engineers are able to complete real-world simulations.

Chinese state-owned parts manufacturer AVIC Automobile Industry Holding Co. in March acquired a 51 percent stake in Nexteer’s owner, Pacific Century Motors. General Motors Co. sold the global automotive steering maker in 2010 to Pacific Century, whose majority owner is Beijing E-Town International, an arm of the Beijing municipal government.

The Maple Research Center B building totals 30,450 square feet on 25 acres. The property was originally built in 1986.

John Boyd and Dave Miller of Signature Associates represented the landlord, Troy Industrial LLC.

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