GM to add 1,750 jobs, invest $800 million in Michigan 7:40 PM, July 22, 2014
General Motors is planning to add as many as 1,750 jobs at its technical center in Warren and invest an additional $800 million in Michigan in the coming years, according to Michael Finney, CEO of the Michigan Economic Development Corp.
GM declined to say when the jobs would be filled.
The Michigan Strategic Fund, an arm of the development corporation, revised a tax credit for GM today and incentives for two Chinese manufacturers that are investing in the state — H.A. Automotive Systems and YanFeng Automotive.
GM has added or retained 33,000 jobs under an original tax agreement reached with the state in 2009.
“GM, as well as Ford and Chrysler, have over the last few years continued to invest very heavily in Michigan,” Finney said. The revised tax credit enables GM to add jobs, most likely at its technical center in Warren.
“We are pleased with the State of Michigan’s action which makes a strong business case for potential future jobs and investment at GM facilities across Michigan,” the automaker said in a statement.
GM also expects to add jobs at its Brownstown Township battery plant and the Detroit-Hamtramck assembly plant.
The Free Press previously reported that there would be about 1,400 new jobs, but the automaker has not said how many positions would be available at each plant and how the jobs would be filled.
Michigan’s Strategic Fund also:
■ Awarded a $2.25-million grant to H.A. Automotive Systems, a subsidiary of Shanghai Changhui Industry Development Co. H.A. is investing $28.8 million in a North American headquarters in Troy, where it expects to hire about 360 people.
■ Amended a tax credit for YanFeng USA Automotive Trim Systems, a Chinese supplier of automotive interiors. The company plans to expand in Harrison Township and hire 519 people.
■Awarded $2 million to Suniva, an Atlanta-based manufacturer of solar panels that is opening a plant in Saginaw.
■ Awarded $2 million to Brembo North America, which plans to make brake rotor casting in Albion Township.
■ Awarded $2.3 million to Challenge Manufacturing, which plans to invest $65.5 million in a plant.
■ Expanded a previous grant by $507,000 for auto supplier Magna Interior Trim Components; it plans to hire 169 employees in St. Clair and Benzie counties. -kdlsl(kdlsl) 2014-7-31