Automotive supplier Magna International Inc. is planning to expand its Michigan operations in Highland Park, Shelby Township and St. Clair while creating 1,569 jobs to support new business from automakers.
The Canadian company, whose U.S. base is in metro Detroit, plans to invest around $530 million (all figures in USD) into new and existing plants to build seat frames as well as EV battery frames, enclosures and components.
The projects are being backed by state incentives totaling around $17 million in value, according to the Michigan Economic Development Corp., which approved the projects Tuesday.