Nexteer breaks ground on new joint venture plant in China   [ China ]

Nexteer Automotive, along with Chongqing Changfeng, broke ground on its new joint venture, Chongqing Nexteering Systems, Ltd. Each partner contributed 50 percent of the capital needed for the joint venture, which totaled over CNY 300 million (approximately USD 49 million). Phase one of construction on the joint venture consists of an 8,000-square-meter facility and is expected to complete in Oc...