Autoliv ASP, Inc., announced it is leasing space to construct a 180,000-square-foot facility in Southfield. The company plans to invest $22.6 million and create 384 jobs there in the next five years, according to a release by the Michigan Economic Development Corporation. The new facility will enable the consolidation of four locations of the Autoliv Electronics America division. It will be across the street from the current location at 26545 American Drive, Southfield.
The Michigan Strategic Fund board approved a $2.6-million Michigan Business Program performance-based grant and the city of Southfield offered property tax abatement in support of the project.
Autoliv makes airbags, seatbelts, radar and camera vision systems with headquarters in Auburn Hills and Stockholm, Sweden.
For information, visit www.autoliv.com