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GM Spinoff Nexteer Bought By China

Saginaw-based Nexteer Automotive has been purchased by PCM, an entity formed by PCAS and the Beijing E-Town International Investment and Development Co. Ltd., an affiliate of the Beijing, China municipal government. Officials said the deal […]


Steelmaker Looks To Sell Factories

Russia’s largest steelmaker Severstal is seeking to sell plants in Maryland, Ohio and West Virginia that it acquired for a total of $2.2 billion in 2008, the United Steelworkers union said Thursday.