Nexteer Automotive, a maker of steering wheels and steering
systems for the world's largest car makers, confirmed Wednesday it
will move its headquarters to a northern suburb of Detroit in order
to be closer to the core of the U.S. auto industry.
Chief Operating Officer Laurent Bresson said the move from
Saginaw, Mich., to Auburn Hills will be completed during the second
quarter of 2016. He said only the headquarters, employing about
150, is moving. The plant and engineering facilities, home to about
5,000 employees, will remain in Saginaw, located about 100 miles
northwest of Detroit.
"This stand-alone location will position us closer to our
business partners and industry experts," Mr. Bresson said.
The move is a boost for Auburn Hills, which already serves as
the headquarters for Fiat Chrysler Automobiles NV's U.S. arm and
other parts makers such as BorgWarner Inc.
Write to Jeff Bennett at jeff.bennett@wsj.com
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