Remove 2010 Remove Automotive Remove Crisis Remove Operations
article thumbnail

Will China Bring Your Firm New Owners, Partners, or Competitors?

Harvard Business Review

But Chinese companies of all sizes are already operating in the U.S. During the global financial crisis, Robert Remenar, CEO of Nexteer, a Michigan-based automotive steering firm, deliberately searched for potential new Chinese owners. In 2010, Chinese firm AVIC Automotive purchased Nexteer for $465 million.