Magna International to build three facilities in Tennessee for $790M

Magna International is investing over $790 million to build three facilities in Tennessee, including a battery enclosures facility and a seating plant in Stanton, and a stamping and assembly plant in Lawrenceburg. The facilities will supply Ford's BlueOval City campus and create approximately 1,300 jobs.

“The $790 million investment from Magna will further shape the economic landscape of Lawrence and Haywood counties and strengthen the electric vehicle supply chain in Tennessee for years to come.”manufacturingdive.com

• 2 sources
• manufacturingdive.comFord supplier invests $790M to build 3 Tennessee plants | Manufacturing DiveSara SamoraJul 20, 2023
• automotivemanufacturingsolutions.comMagna to invest $790m to build three new factories for Ford battery enclosures in EV production push | News | Automotive Manufacturing SolutionsIlkhan OzsevimAug 1, 2023

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