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Michigan lands three auto supplier projects

Keywords: Tags  automotive suppliers, investments, Brose, Hyundai, Sakthi, corinna petry

CHICAGO — The Michigan Economic Development Corp. announced three investment projects in the past week valued at nearly $94 million that will boost the state’s automotive supplier base.

Brose North America Inc. plans to spend $60 million to buy the former Chrysler Group LLC’s 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.

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