Gestamp investing USD 390.2 million to expand in Michigan, supply GM’s EVs
The Michigan Strategic Fund approved a USD 5 million performance-based grant and 15-year 100% SESA tax exemption worth up to USD 6 million to support Spanish automotive supplier Gestamp’s plans to invest USD 390.2 million and create up to 580 new jobs in Michigan.
Gestamp, whose North American headquarters is in Troy