http://online.wsj.com/article/SB10001424052748703957804575602943255219552.html?mod=WSJ_business_LeftSecondHighlights

By Dennis K. Berman; The Wall Street Journal ~ Nov 08, 2010

In the weeks ahead, a 104-year-old unit of General Motors will be sold to new owners from China. The unit made steering equipment for decades under the name Saginaw Steering Gear. Now known as Nexteer, it employs 8,300 people around the world. Its new Beijing owners call themselves Pacific Century Motors.