2017
-
03
-
28
Cosworth, a supplier of high-performance automotive electronics and power systems, plans to invest $30 million in a Detroit suburb to supply an unnamed automaker, according to the European auto news.Cosworth will begin production of the v-8 cylinder head at its Shelby Township, Michigan, plant, according to the Michigan economic development memorandum.On Tuesday, the Michigan department of economic development (MEDC) offered $2.1 million in loans to Cosworth and said that if Cosworth was able to provide employment-related assurances, the loan would be converted into a grant. According to MEDC,...