Visteon to invest $35 million in new Highland Park manufacturing plant

BYLINE: Jason Roberson, Detroit Free Press

Feb. 13--Visteon Corp., an auto supplier of interiors and electronics, said today it will spend $35 million to build a manufacturing plant in Highland Park.

The plant, which creates 353 new jobs, will make interior components and serve as a regional manufacturing facility, providing parts to sequencing centers throughout the Midwest.

The Van Buren-based supplier received a 7-year, $1.73-million single-business tax credit from the Michigan Economic Development Corp., and the city of Highland Park proposed a 7-year, $4.5-million tax abatement to persuade the supplier to build in Michigan.

Governor Jennifer Granholm said Visteon's decision means her economic plan is working.

"The company's investment in Highland Park will bring good-paying jobs to the community and strengthen Michigan's position as the global leader in automotive research and development," Granholm said.

Contact JASON ROBERSON at 313-222-8763 or jroberson@freepress.com.

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