Company/Division name | Cosma Body Assembly Michigan |
Parent company | Magna 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) reshored | auto 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 |