Automotive Lighting LLC plans to invest $35 million for a new production facility in the Detroit suburb of Independence Township, Mich., in a project that it says will create 362 jobs over five years, the Michigan Economic Development Corp. announced Jan. 30.
The Michigan Strategic Fund approved a grant of $2 million for Auburn Hills, Mich.-based Automotive Lighting to convert its current exhaust component facility into an exterior lighting production facility, according to an MDEC memo.
The project would involve up to $35 million of capital investment in the local economy, the memo said.
State and local assistance is needed to offset costs for a parking lot expansion that will accommodate the increased workforce at the facility, the company said.
Automotive Lighting is a subsidiary of Italy's Magneti Marelli SpA, which develops, manufactures and sells automotive exterior lighting products worldwide.