Magneti Marelli, founded in Italy in 1919, develops and manufactures high-tech components for the automotive industry, is expanding its North American headquarters to expand at its facility in Auburn Hills, Michigan.
The project is expected to generate private investment of more than $12.5 million and create 106 jobs, resulting in a $1.59 million Michigan Business Development Program performance-based grant, according to the Michigan Economic Development Corporation. In addition, the city of Auburn Hills has offered staff time in support of the project.
The company is looking to grow and invest in its North American headquarters to further strengthen its R&D, technology, and professional labor capabilities, officials explained. The company plans to expand at its facility, hire new employees, construct new labs and add machinery.
“We are honored that Magneti Marelli has chosen to continue its growth in Auburn Hills. This new investment will allow Magneti Marelli to continue developing technologies that will contribute to the advancement of mobility,” said Auburn Hills Mayor Kevin McDaniel. “We are excited about Magneti Marelli’s reinvestment and the additional jobs it will bring to Auburn Hills.”