Inteva Products, Arvin Meritor, Detroit Diesel receive combined $35M investment, add 160 jobs

Automotive companies are getting a generous shake of the recent tax abatement/job creation deals from the Michigan Economic Development Corp. Inteva Products, Arvin Meritor, and Detroit Diesel are receiving a combined $35 million in investment, creating 160 new jobs and retaining 1,900 more.

Inteva Products, formerly Delphi Interiors & Closures, plans to invest $4.9 million to expand and renovate its world headquarters and technical center in Troy, creating another 35 jobs in the process. The MEDC gave the firm a $263,055 tax abatement over five years and the city of Troy is also considering a tax break.

The Troy headquarters, which won out over a site in Ohio, houses 200 employees and 10 interns. The company has a workforce of 3,800 around the world at 17 locations on three continents. A new office is expected to open later this year.

"We're adding design and engineering jobs as well as support staff," says Misty Matthews, director of communications and public relations for Inteva Products. "This will support our growth with new and existing customers."

ArvinMeritor continues to transition into the heavy vehicle market with the help of a $2.2 million state tax credit over seven years. In exchange the company plans to invest $23 million over the next five years at its Troy tech center. That investment is expected to create another 125 jobs in Troy instead of at competing sites in Ohio and North Carolina.

Detroit Diesel also received a $7 million state brownfield tax credit. Those funds will support the automotive supplier's renovation of its Redford Township operations. The project comes with a price tag of $194 million and is expected to keep its 1,900 jobs in Redford Township.

Source: Michigan Economic Development Corp and Misty Matthews, director of communications and public relations for Inteva Products
Writer: Jon Zemke

Inteva Products, Arvin Meritor, Detroit Diesel receive combined $35M investment, add 160 jobs

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