News Release - Magna Enters Joint Venture With LAN to Assemble Seats in Michigan
- JV to assemble complete seats for
- Production expected to start in the second quarter of 2023
- More than 390 new jobs to be created
Production is scheduled to begin in the second quarter of 2023 and is expected to bring-in more than 390 jobs to the city of
“We are excited about this opportunity with LM Manufacturing as we continue supporting
“As a minority business enterprise, we are especially excited to invest in the city of
“This investment by LM Manufacturing in
Joint venture, JV, automotive seat assembly
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 343 manufacturing operations and 91 product development, engineering and sales centres spanning 28 countries.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on Twitter @MagnaInt.
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Source: Magna International Inc.