Automotive Tech Company Expansion to Create 500 Jobs

URLhttps://www.thomasnet.com/insights/automotive-tech
SourceThomasnet
Date Published01/10/2023
Author NameNolan Beilstein
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lear Corporation
Parent companyLear Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):500
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):112.5
City reshored to:Traverse City, Sterling Heights, Independence Town
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredcomponents for ev battery pack
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
Government Incentive dollar amount:6.4
Find Reshoring Articles