Elsewhere in Michigan, Lear is plotting $32.5 million of investment, including at its Sterling Heights and Traverse City plants.
The investments are a sign that the Biden administration’s efforts to onshore the manufacturing supply chain, including the Inflation Reduction Act last year, are working.
Since GM announced $7 billion in EV investments in Michigan last year, suppliers including Lear and Magna International have followed with expansion plans.
Lear CEO Ray Scott, among the 2022 Crain’s Newsmakers of the Year, alluded to more announcements to come last week during the Newsmakers event at the MGM Grand Detroit. He told Crain’s last October that localizing production and flexing its manufacturing plants were main priorities for Lear.
