Cosworth building a factory in Detroit
'Cos Detroit is worth it. Hey-o!
According to Automotive News, the Cosworth CEO Hal Reisiger will not yet name the manufacturer in question, saying only that it produces "high-performance road cars." No surprise there, as performance magic is what Cosworth does best. Automotive News also quotes a Michigan Economic Development Corp. memo that says Cosworth is to produce cylinder heads for V8 engines in Shelby Township. It is also likely the plant will be able to produce parts for different manufacturers. Cosworth already supplies the block and heads for the Acura NSX
The plant will start production in 2018 and reports say it will employ between 50 to 110 people. Cosworth already has one foot in the United States, as Cosworth USA is set in Indianapolis. An Indiana location was also considered, but Michigan won out thaknos to a $2.1 million load from the Michigan Economic Development Corp. After are certain conditions to be met regarding job creation, the loan can be converted into a grant.
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