Auto Parts Manufacturer to Create More Than 1,500 Jobs in Michigan with 3 Expansions

Date Published11/09/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magna International Inc
Parent companyMagna International Inc
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):920
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):427
Country(ies) from which reshored:Canada
City reshored to:St. Clair
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredElectric Vehicle
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives
Government Incentive dollar amount:Grant $1.5 million to $7.5 million
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