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Lear CEO Ray Scott said during a earnings Let’s call on Friday that the company is well positioned for the acceleration of electric vehicles and that more than half of its new business this year has been to supply electric vehicles.
“(We’re) excited about the new plant we’re building in Detroit to provide seating for General Motors’ battery-electric truck programs,” Scott said, adding that the company has won contracts to supply both the pick -up Hummer EV and the Hummer EV SUV.
Lear declined to provide further details.
The building that will house the plant is being developed by Riverside, Missouri-based NorthPoint Development LLC, which announced last year that it would demolish the 916,000-square-foot Cadillac stamping plant and replace it with a new 682,000 square foot plant. building, Crain’s reported. The project was valued at $ 47.9 million and brought in millions of dollars in national and local incentives.
The industrial building designed by Albert Kahn at 9501 Conner St. was built in 1925 for Hudson Motor Car Co. GM purchased it in the mid-1950s and announced it would close in 1986. The dilapidated building was acquired by the city in 2018.
Demolition began in March. The new development is expected to be completed by June 2022, according to a City of Detroit press release released this spring. The city said the project is expected to create 450 jobs, for which residents of Detroit will be a priority.
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