China's Dongfeng signs JV with Nexteer for power steering systems

April 10 (Reuters) - China's Dongfeng Motor Group Co Ltd

will form a joint venture with auto parts maker

Nexteer Automotive Group Ltd to design and make

electric power steering systems for Dongfeng passenger vehicles,

Nexteer said on Monday.

The venture - to be equally owned by Nexteer and a unit of

Dongfeng - will set up a facility near Dongfeng's headquarters

in Wuhan, China, Nexteer said.

Nexteer, whose customers include Fiat Chrysler,

General Motors, Toyota and Volkswagen

, currently provides electric power steering systems

for many Dongfeng-affiliated vehicles, including the Peugeot

2008 crossover.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Sai

Sachin Ravikumar)