CHICAGO The Michigan Economic Development Corp. announced three investment projects in the past week valued at nearly $94 million that will boost the states automotive supplier base.
Brose North America Inc. plans to spend $60 million to buy the former Chrysler Group LLCs Mopar property in New Boston and open a technology facility that could eventually employ up to 450 full-time engineers and production workers.
Brose makes mechatronic components and electric motor drives for vehicle bodies and interiors, with $5 billion in global sales. The company, which already employs 650 people at plants in Auburn Hills and Warren, will receive a $3.5-million Michigan Business Development Program incentive to acquire the facility.
Hyundai America Technical Center Inc., the design, technology and engineering arm for North American models of South Korea-based Hyundai-KIA Motors Group, will receive a program grant of $2.5 million to build a $15-million hot-/cold-weather dynamometer test facility just outside Ann Arbor. It plans to hire 50 people over the next five years.
Sakthi Automotive Group, a division of Sakthi Group, has received an incentive of $1.5 million to purchase and upgrade a vacant factory in Detroit that will become its first North American facility. The project will generate up to $18.6 million in private investment and add up to 183 new jobs, according to the state development agency.
Sakthi manufactures such safety-critical components as steering knuckles, control arms, brake drums, brake discs, hubs, brake calipers and carriers.