Magna To Help Ford With BlueOval City

SourceClean Technica
Date Published07/22/2023

Additional Reshoring Information:

Company/Division name Magna International
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1050
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):790
Country(ies) from which reshored:Canada
City reshored to:Stanton
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredauto parts, components
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Higher productivity
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