DETROIT -- Saab's North American operations won state aid to move its headquarters to the Detroit suburb of Royal Oak.
The Michigan Economic Growth Authority today granted tax breaks for a $2.4 million investment by Saab Cars North America. Under the plan, the Royal Oak headquarters would handle sales, marketing, advertising, technical assistance and customer support. The project is expected to create up to 60 jobs.
The Michigan group approved a $1.2 million tax credit, and the city of Royal Oak previously approved a personal property tax abatement with an estimated value of $29,000, in support of the project.
Saab has been based in Detroit. General Motors Co. sold Saab to Dutch sports car maker Spyker Cars NV last month.
In addition, auto supplier Recaro North America Inc. received state approval for a $519,000 tax credit in support a $6 million investment to consolidate some of manufacturing operations from China into an existing location in Auburn Hills.
The project is expected to retain 69 jobs and create as many as 65 additional positions.