Italian automotive supplier plans new manufacturing plant in Detroit

An Italian automotive supplier plans to build a new manufacturing plant in Detroit.

Tiberina Group, a supplier of body-in-white and metal stampings for the auto industry, acquired 10 acres of land at the former American Axle & Manufacturing Holdings site on Holbrook Drive on the city’s border with Hamtramck.

Tiberina purchased the land from Cleveland-based Industrial Commercial Properties LLC and California-based Industrial Realty Group LLC, who themselves acquired most of American Axle’s 2.5 million-square-foot Detroit Manufacturing Complex in 2014. As part of that deal, American Axle demolished about 1.9 million square feet of the complex and leased back about 360,000 square feet.

The size of the manufacturing plant Tiberina plans to build on the site or what products it will supply to whom remains unknown at this time. Representatives from Tiberina and the real estate companies did not immediately respond to inquiries.

No tax abatements or incentives were announced yet. Click to read the entire article.

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