Magneti Marelli Powertrain plans to spend US$12m expanding a plant in Sanford, North Carolina in the next two years. The expansion will lead to the creation of 76 jobs in the next three years, Area Development reported.

The company received a performance-based grant of up to US$225,000 from One North Carolina Fund for the expansion project.

Organisations that helped Magneti with the project include NC Commerce, Sanford Area Growth Alliance, NC Department of Revenue, Central Carolina Community College, North Carolina Community College System, Central Carolina, Economic Development Partnership of NC and the City of Sanford.