JV received approval to begin operations from global regulatory authorities
GRAND BLANC, MI – September 12, 2017 – Nexteer Automotive and Continental today announced the name of their joint venture focused on the advancement of motion control systems and actuator components for automated driving. CNXMotionTM (pronounced: Con-Nex-motion) is now operating after receiving regulatory approvals in the relevant markets. The company, which occupies a 19,000 square foot facility in Grand Blanc, is headed by Kevin Burns, General Manager and Matt Hagans, Controller and Business Development Manager. Burns and Hagans are former Nexteer and Continental employees, respectively.
“CNXMotion will integrate state-of-the-art electronic brake and steering systems to achieve ideal vehicle dynamics and safety, particularly in the development of automated driving,” said Burns. “Through this complementary collaboration, our team will develop breakthrough ideas and systems that will focus on safety as we look toward the future of automated driving.”
This joint venture will accelerate advancements in vehicle motion control systems by integrating Nexteer’s advanced steering systems and Continental’s advanced braking technologies into solutions for Automated Driving and Advanced Driver Assistance Systems (ADAS).
“As we build our team in Grand Blanc, we are creating a start-up culture for the new company,” Burns said. “At the heart of this is our innovative work space which is designed to give engineers a variety of areas to collaborate or work individually with the tools and resources needed to unlock the future.”
Nexteer and Continental hold an equal 50-50 percent ownership position in the joint venture. CNXMotion will focus on R&D activities including rapid evaluation, design and prototyping. Capitalizing on Nexteer and Continental’s history of innovation and leadership in the automotive industry, the joint venture will combine global resources and expertise and focus on enhancing the development of advanced motion control systems and components for automated driving.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transport. In 2016, Continental generated sales of €40.5 billion and currently employs more than 230,000 people in 56 countries.
Web site: Continental Corporation
Nexteer Automotive – A Leader in Intuitive Motion Control – is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assistance systems (ADAS) and automated driving technologies for original equipment manufacturers. The company’s global workforce of over 13,000 serves more than 50 customers in every major region of the world. The company has 25 manufacturing plants, 3 regional engineering centers and 13 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota, and VW, as well as automakers in India and China.
Web site: Nexteer