Pacific Century Motors is a Chinese company formed to buy and hold Nexteer Automotive.
Originally, Pacific Century was a subsidiary of E-town, the Beijing municipal government's investment company, and Tempo Group, a Chinese car component manufacturer.
[2] Nexteer Automotive was acquired by Pacific Century Motors on November 30, 2010.
[3] Pacific Century also announce that they would be making additional acquisition in the next year or so.
[1] In March 2011, AVIC Automobile Industry Holding Co., a Chinese state-owned parts manufacturer, purchased a 51 percent interest in Pacific Century Motors.