60. Nexteer Automotive

Headquarters: Auburn Hills, Michigan
Bought By: AVIC Automobile
Headquarters: Beijing

Nexteer Automotive provides all sorts of parts that are needed to make reliable cars, from hydraulic power steering systems to steering columns, and more. Founded by General Motors, the company has over 46 locations. As you might have guessed, it’s parent company isn’t on Uncle Sam’s shores anymore.

Nexteer Automotive @Nexteer / Twitter.com

In 2011, Chinese company AVIC Automobile became the largest majority stakeholder of Nexteer. The deal was approved by CEO Robert J. Remenar. According to China Daily, Remenar said, “The acquisition made very good sense” as the Chinese market had enough potential to help the business grow exponentially.