In a recent press release, one of Canada's largest companies Magna announced it is investing more than $500 million to expand its operations
In a recent press release, one of Canada’s largest companies, Magna, announced it is investing more than $500 million to expand its operations in three different locations in Southeast Michigan. Magna plans to expand its facility in St. Clair where it manufactures battery enclosures and plans to open new facilities to build powertrains in Shelby Township and seating components in Detroit.
“The board’s support of these investments will build on our efforts to position Michigan as a home for Magna and a continued leader in the future of mobility and vehicle electrification,” Quentin Messer Jr., CEO of the MEDC,Magna operates 35 facilities in Michigan, making it the state with its largest footprint. The company employs more than 10,000 Michigan residents, officials said.
A new 200,000 square-foot greenfield powertrain facility in Shelby Township to supply battery tray components for a global automaker’s electric vehicles. More than 155 new jobs are expected, with production estimated to start in March 2023.
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