Saint Clair, Michigan — According to state and local economic development sources Magna International plans to invest $426,000,000.00 to build out new space in Saint Clair. The company plans to occupy the new space at 1811 S Range Rd in Saint Clair, on or about January 1, 2025. According to the company website We have more than 159,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the worlds largest automotive suppliers with 347 manufacturing operations and 94 product development, engineering and sales centers in 27 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA).

To learn more about Magna International, visit http://www.magna.com/

Company Contact:
Seetarama Kotagiri, Chief Executive Officer
248-631-1100

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