Google might have the hardware manufactured by other companies, but I think Google ends up as the producer of each Nexus device.
They completely design the software experience, they at least co-design the hardware, they sell the devices, and they are the one's supporting and updating them.
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Every Google phone (G1,Nexus,Nexus S, Galaxy Nexus) was made with a hardware manufacturer (HTC, Samsung, etc). - why add Google to that list?
Google might have the hardware manufactured by other companies, but I think Google ends up as the producer of each Nexus device.
They completely design the software experience, they at least co-design the hardware, they sell the devices, and they are the one's supporting and updating them.