In an update to an earlier story…
Tennessee has committed to give $13 million in incentives to a supplier for Ford’s new electric truck factory at BlueOval City.
Magna Seating will receive $3 million for its factory at BlueOval City while the companies Cosma International factory at the site in Haywood County will receive $7.5 million. A third manufacturing facility in Lawrence County will receive $2.5 million.
The incentives are set to be approved at a meeting of the State Funding Board on Monday.
Across the three new plants, Magna is expected to employ 1,300 people.
The plants are expected to be ready for production in 2025.