Michigan Governor Rick Snyder Announces Nexteer Automotive's Multi-Million Dollar Expansion

Nexteer Automotive Announces a $150 Million Investment at its Saginaw Operations - Long-term customer contracts retained through 2018. Nexteer Automotive, a tier one automotive supplier committed exclusively to wheel-to-wheel advanced steering and driveline systems, recently announced a $150 million investment at its Saginaw, Mich., operations.

"Nexteer is a showcase of Michigan's world-class technology and manufacturing capabilities," said Michigan Governor Rick Snyder. "Today's announcement offers proof positive that foreign direct investment can combine with our own valuable industrial assets for new economic vitality for Michigan. This is the message I took to Asia: serious investors know Michigan's technology leadership and workforce advantages offer very real growth opportunities for all of us."

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