Takata expands in Auburn Hills, to hire 40
TK Holdings, the research division of automotive supplier Takata Corp, has committed to invest $14.6 million and create 40 new jobs at its facilities in Auburn Hills.The expansion of its current facility, where it employs 537 people, comes out in the latest announcement of job-creating deals brokered by the Michigan Economic Development Corp. TK Holdings received a 100 percent high-technology employment tax credit for eight years. Auburn Hills is also providing a $515,000 tax abatement.In return, the firm plans to install a new servo-hydraulic crash simulation sled, which will allow the company to conduct automotive crash simulations. It will be used for engineering and R&D by the site’s workers.The new sled reduces the time between tests compared to the sled currently in place and positions the facility for future growth. Michigan was competing with one of TK Holding’s facilities in Mexico.Takata Corp is based in Japan and specializes in manufacturing safety-restraint equipment, such as safety belts and airbags. Its customers include Honda, General Motors, Chrysler, Ford, Toyota, Nissan, BMW and Subaru.Source: Michigan Economic Development CorpWriter: Jon Zemke
TK Holdings, the research division of automotive supplier Takata Corp, has committed to invest $14.6 million and create 40 new jobs at its facilities in Auburn Hills.
The expansion of its current facility, where it employs 537 people, comes out in the latest announcement of job-creating deals brokered by the Michigan Economic Development Corp. TK Holdings received a 100 percent high-technology employment tax credit for eight years. Auburn Hills is also providing a $515,000 tax abatement.
In return, the firm plans to install a new servo-hydraulic crash simulation sled, which will allow the company to conduct automotive crash simulations. It will be used for engineering and R&D by the site’s workers.
The new sled reduces the time between tests compared to the sled currently in place and positions the facility for future growth. Michigan was competing with one of TK Holding’s facilities in Mexico.
Takata Corp is based in Japan and specializes in manufacturing safety-restraint equipment, such as safety belts and airbags. Its customers include Honda, General Motors, Chrysler, Ford, Toyota, Nissan, BMW and Subaru.
Source: Michigan Economic Development Corp
Writer: Jon Zemke
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