Five Business Expansions bring 390 New Jobs to Oakland, Wayne, and Delta County

URLhttps://www.michiganbusiness.org/press-releases/20
SourceMichigan Economic Development Corporation
Date Published05/02/2024

Additional Reshoring Information:

Company/Division name Cosma Body Assembly Michigan
Parent companyMagna International
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):166
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):4.35
Country(ies) from which reshored:Canada
City reshored to:Lyon
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredauto body assembly
What domestic positive factors made reshoring more attractive?Better Control of Process/Delivery/Factory, Government Incentives, Impact on domestic economy, Infrastructure, Skilled workforce availability/training
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