DETROIT, MI – June 25, 2018 – Cosworth, the leading designer and manufacturer of high performance engines and end-to-end automotive technologies, today unveiled its new, state-of-the-art advance manufacturing center and North American Headquarters in Shelby Township, MI. Michigan Governor Rick Snyder, Shelby Township Supervisor Richard Stathakis and other dignitaries were on hand to “push the button” for Cosworth’s advanced manufacturing center – one of the most sophisticated in the world and built for the design and development of the “car of the future” technology.

“I appreciate the confidence that Cosworth has shown in our state and our talented workforce,” Gov. Rick Snyder said. “Having this global company choose to build their North American Headquarters in Michigan further cements our place as the world leader in mobility. “

“With a 60-year legacy and best known for pushing the limits in modern automotive solutions, we are eager and excited about the next chapter in the Cosworth story,” said Cosworth CEO Hal Reisiger. “Our North American Headquarters brings us even closer to our tier-1 U.S. partners and reveals what the next generation of high precision, 21st century advanced automotive manufacturing looks like. We are committed to keeping Cosworth and Michigan at the forefront of innovation, design, engineering and production to further advance vehicle and driver performance.”

Cosworth’s US$50 million investment in the new headquarters will attract innovative companies and STEM workers to the area. Upon completion, the new advanced manufacturing facility will be capable of producing Cosworth’s full electronic and powertrain value streams, solid state

“We warmly welcome Cosworth to Shelby Township and Macomb County as they are a shining example what is driving growth and innovation in advanced automotive manufacturing for the car of the future,” remarked Shelby Township Supervisor Stathakis.

Leveraging its longstanding relationships with top-tier global OEMs such as GM, Aston Martin, Honda, Haitec and Porsche, Cosworth recently achieved profitability and reported significant growth including record revenue of US$72.5M for 2017 and record backlog of over US$440 million across long-term contracts.

More than 100,000 cars currently on the road in the U.S. are equipped with Cosworth-patented AliveDrive technology that integrates camera sensors, vehicle dynamics data and data analytics software.