Magna enters joint venture with lan to assemble seats in michigan

Aurora, ontario, feb. 22, 2022 (globe newswire) -- today magna announced it has entered into a joint venture (“jv”) with lan manufacturing, a minority-owned automotive supplier based in michigan. the jv, to be called lm manufacturing, will assemble complete seats for various trucks and suvs for ford motor company operating from a 296,000 square-foot leased facility in detroit, michigan. magna will own a 49% stake.
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