Company/Division name | Autosystems America, inc. |
Parent company | Magna International |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 97 |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 3.05 |
Country(ies) from which reshored: | Canada |
City reshored to: | Novi |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | lighting |
What non-domestic negative factors made offshoring less attractive? | Social/ethical concerns |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Impact on domestic economy, Infrastructure, Skilled workforce availability/training |