Nexteer Automotive gears up for China success

Nexteer Automotive, a parts supplier, is benefiting from using a globalized management team, the company chairman said.

"We enjoy a global source of executives and managers as well as clients," Zhao Guibin, also chairman of AVIC Automobile Industry, told China Daily. "Though AVIC Automobile Industry is a State-owned company, we stick to market rules."

AVIC Automobile, a subsidiary of aircraft maker Aviation Industry Corp of China, acquired the controlling interests in Nexteer in 2011 in an attempt to expand AVIC's clout in the auto industry.