Ricardo, LLC (Ricardo plc)

Project facts

Decision / announcement date

2026-01-16

Date precision

day

Sector

Automotive & mobility

Facility action

Expansion

Facility type

Manufacturing line

Project status

Announced

Project / facility

New manufacturing line for a high-performance gasoline engine at Van Buren Township facility

Figures & qualifications

Capital category

Committed

Capital scope

site

Jobs classification

New/Direct

Jobs basis

Governor: 'the creation of at least 114 new jobs' (minimum).

Statistical exclusion reason

Expansion band ($50M/100): outside the core $100M/250 statistical series.

Ricardo will add a new engine manufacturing line in Van Buren Township, investing $24.1 million and creating at least 114 jobs.