AAM Europe is investing some £3.6m on new capital equipment, machinery and R&D at its Albion Automotive site in Scotstoun, Glasgow.
The project is being supported by Scottish Enterprise, including a regional selective assistance grant of £480,000 and a research and development grant of £94,000.
The announcement is yet another made off the back of First Minister Alex Salmond’s visit to Chicago last week.
Mr Salmond said the decision reflected the strengths of the Scottish engineering industry and described it as "great news for Glasgow.
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"Scotland has an established reputation for excellence in engineering, product and process design and AAM Europe's decision to establish a new manufacturing and engineering centre supporting 80 jobs in Glasgow highlights their commitment to the city and the local workforce, and takes forward over 100 years of Scottish engineering and motoring history under the Albion name", he said.
Lena Wilson, chief executive of Scottish Enterprise, remarked:
"We know that economic conditions remain tough for many businesses but AAM is a great example of a company which has recognised the need to invest in new R&D and new equipment to ensure it remains competitive and it can expand its customer base.
"Our R&D and RSA grants are a key tool in encouraging companies to take that plunge and invest in new growth opportunities but equally important is the ongoing advice and support we can offer through our specialist advisors in Scotland and the work of our colleagues in SDI in the USA to attract this investment from AAM in the Scottish site."
(IT/GK)
