Magneti Marelli to create 106 new jobs, invest $12.6 million in Auburn Hills

Feb 02, 2019 344

BY: Kurt Nagl

Auto supplier Magneti Marelli Holding USA LLC plans to create 106 jobs and invest $12.6 million at its headquarters in Auburn Hills, according to a Michigan Economic Development Corp. memo. The Italian company, which specializes in lighting, powertrain and high-tech electronics, is constructing new labs and adding new machinery at the facility as it expands research and development, the memo says.

The supplier is also considering a larger facility to house all of its employees, according to the memo. The Michigan Strategic Fund awarded the company, which was considering other states for the investment, a $1.59 million Michigan Business Development Program grant. The city of Auburn Hills has also agreed to provide staff time and billboard advertisement to support the project.

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SOURCE: https://www.crainsdetroit.com/

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