Magna International Inc. will relocate around 300 employees from its current United States base in Troy, Michigan to a new and larger headquarters nearby in September 2013. According to Tracy Fuerst, director of corporate communications at Magna, they have already informed their customer companies of the decision.
In a statement, Jim Tobin, chief marketing officer for Magna, remarked that their US headquarters has been in Troy for over 15 years, adding that it is an ideal location since it centrally locates them near most of their customers. He said that it important for Magna to stay in Tory and find a suitable location that could accommodate a larger workforce. According to Fuerst, Magna had had outgrown its current headquarters, which is just off Interstate 75.
Fuerst said that they are moving some sales, marketing, engineering and other office personnel from existing operations to the new office, which is around 117,300 square feet. Fuerst noted that Magna only needed 113,000 square feet, and they were looking for a building that could provide them more space to grow if and when needed.
Fuerst remarked also operates on Crooks Road and Maple Road in Troy. According to Fuerst, Magna will move another 400 employees to the new office once they relocate and consolidate a few operations, noting that the lease on the current office expires this summer. [source: automotive news - sub. required]