Tempo Group

Tempo Group is a Chinese auto parts supplier in brakes, shocks, control arms and other automotive chassis parts and components.[1] Its main manufacturing operations are in China. The company has also operated since the late 1990s in North America where it maintains a sales presence and has an equity stake of 24% in the former chassis business of Delphi Automotive.[1]

Acquisitions

In 2009 it participated in a consortium that included the government of the Fangshan District of Beijing and Shougang Corporation to acquire the bankrupt chassis and brakes business of Delphi Automotive.[2]

Later it participated in another consortium with E-Town, an economic development agency of Beijing, to acquire Nexteer from General Motors for $450 million.[3]

References

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