Magna Enters Joint Venture With LAN to Assemble Seats in Michigan

URLhttps://www.magna.com/company/newsroom/releases/re
SourceMagna.com
Date Published02/22/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LM Manufacturing
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):390
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):2
City reshored to:Detroit
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredseating for trucks, SUVs
What domestic positive factors made reshoring more attractive?Government Incentives, Manufacturing/engineering joint innovation (R&D), Under-utilized capacity
Government Incentive dollar amount:$2 million
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