M&A Deal Summary

Pacific Century Motors Acquires Nexteer Automotive Group

On July 6, 2010, Pacific Century Motors acquired automotive company Nexteer Automotive Group from General Motors

Acquisition Highlights
  • This is Pacific Century Motors’ 1st transaction in the Automotive sector.
  • This is Pacific Century Motors’ 1st transaction in the United States.
  • This is Pacific Century Motors’ 1st transaction in Michigan.

M&A Deal Summary

Date 2010-07-06
Target Nexteer Automotive Group
Sector Automotive
Buyer(s) Pacific Century Motors
Sellers(s) General Motors
Deal Type Divestiture

Target

Nexteer Automotive Group

Saginaw, Michigan, United States
Nexteer Automotive Group Ltd. is a provider of automotive products.

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Buyer(S) 1

Buyer

Pacific Century Motors

Beijing, China

Category Company
Founded 2010
Sector Automotive
DESCRIPTION

Pacific Century Motors is a provider of automotive parts and components.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1

Seller(S) 1

SELLER

General Motors

Detroit, Michigan, United States

Category Company
Founded 1908
Sector Automotive
Employees163,000
Revenue 171.8B USD (2023)
DESCRIPTION
General Motors' corporate headquarters in Detroit, Michigan.
General Motors' corporate headquarters in Detroit, Michigan.

General Motors is a global manufacturer of cars, trucks, and auto parts. General Motors' automotive group is separated into GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA). GMNA develops vehicles manufactured and marketed under the Buick, Cadillac, Chevrolet and GMC brands. Outside of North America, vehicles are developed, manufactured and marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands. GM also has equity ownership stakes directly or indirectly in entities through various regional subsidiaries, primarily in Asia. These companies design, manufacture and market vehicles under the Alpheon, Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands. In addition to the products GM sells to dealers for consumer retail sales, GM also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. General Motors was founded in 1908 and is based in Detroit, Michigan.


DEAL STATS #
Overall 5 of 6
Sector (Automotive) 2 of 2
Type (Divestiture) 4 of 4
State (Michigan) 2 of 2
Country (United States) 4 of 5
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-27 Allison

Indianapolis, Indiana, United States

Allison is a designer and manufacturer of automatic transmissions for the medium and heavy-duty commercial vehicle markets. Allison was incorporated in 1915 and is based in Indianapolis, Indiana.

Sell $5.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-18 SideCar

San Francisco, California, United States

SideCar LLC (Side.cr) is a provider of car sharing services accessible via a mobile app. The Company was formed in 2011 and shutdown in 2015.

Buy -