Nexteer Automotive Risk Report

⚖️ Legal & Regulatory

Nexteer Automotive has faced legal challenges recently, which may impact its operations. A noteworthy case involves a contract dispute with a South Korean company. Such legal issues highlight potential risks related to compliance and can have financial repercussions or affect stakeholder relationships.

• Nexteer was in court regarding a contract dispute with a South Korean company 🗓 April 17, 2025.

👥 Labor & Workforce

Nexteer Automotive is currently undergoing significant workforce restructuring, which includes layoffs at multiple facilities. With a total of 80 jobs affected, these layoffs could have a substantial impact on local economies, especially in Michigan, where the company has a significant presence. Employees and community leaders are likely concerned about the long-term implications of these job cuts.

• Nexteer confirmed layoffs affecting 80 workers across Michigan's Buena Vista Township and Auburn Hills facilities 🗓 May 14, 2025.
• Layoffs in Buena Vista Township and Auburn Hills resulted in job cuts for 80 workers 🗓 May 16, 2025.
• The company confirmed job cuts affecting 80 employees in May, emphasizing ongoing operational adjustments 🗓 May 14, 2025.

📜 Innovation & R&D

Nexteer Automotive continues to innovate with significant advancements in its product offerings. The company has introduced a brake-by-wire system and rear-wheel steering, enhancing its technological capabilities in the automotive industry. These developments demonstrate Nexteer’s commitment to evolving its product lineup in anticipation of future market demands.

• Nexteer unveiled an advanced brake-by-wire system 🗓 April 16, 2025.
• The company introduced its new brake-by-wire system to OEMs 🗓 April 21, 2025.
• Nexteer launched a rear-wheel steering system, showcasing its innovative edge 🗓 March 17, 2025.