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Canadian Auto Parts Manufacturer Investing $18 Million for Michigan Facility

Magna International, a Canada-headquartered manufacturer of automotive components, will invest $18 million to open a seating plant in Highland Park, Michigan, according to the Michigan governor's office. The company plans to create 419 new direct jobs with the project, and state officials estimate an additional 994 indirect jobs will be created. The Detroit Free Press reports that Magna Seating will locate in the former Chrysler world headquarters, which has been vacant since the automaker moved to Auburn Hills in the 1990s. According to the Free Press, county officials have been discussing a project for the area with the Magna International chairperson Frank Stronach for more than five years. Magna currently has 30 facilities and 4,900 employees in Michigan; 15 of those sites are manufacturing facilities, while others are product development, sales, and engineering offices. The governor's office says the state has approved tax abatement of $4.5 million over seven years for Magna; the city is also considering an abatement valued at approximately $1.5 million.

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