Magna International Inc. plans to expand its considerable presence in Southeast Michigan by adding 363 new jobs and investing $39 million in three sites in suburban Detroit.
Magna, the world's fourth-largest auto supplier, will open a lighting engineering center in Novi and a research and development center in Troy, while adding manufacturing capacity in Lyon Township, according to a statement last week.
The expansions are being completed across several subsidiaries and divisions of Magna, a diversified supplier that makes everything from seats and assemblies to advanced driver assistance systems. The projects are supported by $2.4 million in grants from the Michigan Economic Development Corporation, which said the incentives were needed to secure investment.
The following is planned:
Autosystems America Inc. will expand in Novi with the Magna Lighting Center of Excellence.
- Investment: $2.45 million
- Grant: $600,000, based on performance
- Jobs: 97
Cosma Body Assembly will add 123,296 square feet of manufacturing at its Lyon Township plant, where it will manufacture “front and rear underbody structural rails, front and rear assemblies, mid-rail assemblies, rail cover assemblies, wheelhouse assemblies , spot welding, projection. highly automated robotic welding and assembly,” the statement said.
- Investment: $35.2 million
- Grant: $830,000, performance-based
- Jobs: 166
Magna New Mobility USA, a division of Magna Services of America Inc. and Magna Steyr USA Inc., are opening a new research and development facility in Troy, consisting of manufacturing, laboratory and office space.
- Investment: $1.2 million
- Grant: $1 million, based on performance
- Jobs: 100
The jobs are described as “high-paying” and “high-paying,” although salaries were not disclosed. Crain asked the state.
“Magna's commitment to expanding its presence in Troy, Lyon Township and Novi is very welcome news for Oakland County,” Oakland County Executive Dave Coulter said in the release. “And the company's investments in the vital areas of electric vehicles, research, development and production reinforce the region's position as the premier location for the mobility industry of the future.”
Magna has 34 locations in Michigan and employs more than 12,000 Michigan residents. The company is building a $100 million seating plant in Auburn Hills to supply General Motors' Orion Assembly, which is scheduled to start production next year. Magna laid off 94 people in Auburn Hills as a result of GM's business disruption.
Magna is ranked number 4 in the Automotive news list of the top 100 global suppliers, with global sales to automakers of $37.8 billion in 2022.