By Philip Nussel, Automotive News
Detroit, Michigan -- Diversified Canadian parts supplier Magna International Inc. today confirmed plans to build a seating systems plant in Highland Park, Michigan, on property once occupied by the Chrysler Corp. headquarters.
Subsidiary Magna Seating plans to launch production at the plant in May 2010 and will supply full seating systems to General Motors Corp. and Chrysler Group, according to a company statement. Magna said it expects to create 400 full-time jobs at the plant.
The plant will handle new business from GM and Chrysler, according to an e-mail from Magna spokeswoman Tracy Fuerst. It was not immediately clear which suppliers lost the business.
The project has qualified for a Michigan state tax credit valued at $4.5 million over seven years, Magna said in the statement.
Magna, of suburban Toronto, ranks No. 4 on the Automotive News list of the top 100 global suppliers, with sales to automakers of $23 300 million in 2008.