Magna International will spend US$790m on three plants in Tennessee.
Two will be at Ford Motor Company’s BlueOval City campus in Tennessee with the third in Lawrenceburg.
Last March, Ford announced plans to build 500,000 electric trucks at BlueOval City which is under construction.
The Magna plants will build parts for the trucks with output expected from 2025.
The project was expected to create 1,300 jobs.
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