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Magneti Marelli Announces 800 New Jobs With Expansion in Pulaski, Tenn.

June 14, 2012 – Magneti Marelli, a top global automotive systems and components supplier, has announced it will set up a new automotive lighting operation at the company’s existing facility in Pulaski, Tenn. Creation of the lighting operation represents a $53.7 million investment by Magneti Marelli and will create 800 new jobs in Giles County.

In announcing the new development, Tennessee Governor Bill Haslam and Community Development Commissioner Bill Hagerty said it showed the competitive advantage Tennessee holds in the automotive sector. “Tennessee stands out to global companies like Magneti Marelli who undertake a worldwide review in determining where to locate and expand their operation,” Hagerty said.

“Today’s announcement is good news for Giles County, but this project is going to have a very positive impact throughout all of southern middle Tennessee,” Dan Speer, executive director, Pulaski-Giles County Economic Development Council, said. “A great deal of hard work and cooperation went in to this project, and I would like to thank Gov. Haslam, Commissioner Hagerty, along with the entire Community Development staff, TVA and the local Workforce Development Board.”

Magneti Marelli is a world leader in automotive lighting. The new Pulaski operation joins two existing plants in Mexico in Magneti Marelli’s lighting division, which supplied about 20 million headlamps and about 22 million rear lamps to global carmakers in 2011.

“TVA congratulates Magneti Marelli on their decision to locate a new automotive lighting manufacturing operation that expands its existing site in Pulaski,” said John Bradley, TVA senior vice president of Economic Development. “We are privileged to work with Magneti Marelli and economic development partners, including the state of Tennessee, Pulaski Electric System, and city of Pulaski and Giles County leaders, to facilitate jobs growth.”

Based in Italy, Magneti Marelli has 83 production units and 34,000 employees in 18 countries. The company produces electronic systems; lighting; power trains; suspension systems and shock absorbers; exhaust systems; plastic components and modules; and motorsport and aftermarket parts for the worldwide market.