Automaker expects strong sales of new small trucks.
Former Stelco cites $2.4B of operating losses since 2009.
Manufacturers consider proximity to their customers vital as technology drives an industry shift.
Plant would begin production of multi-purpose vehicles in 2017.
Deal creates an automotive supplier business with combined sales of approximately $41 billion and 138,000 employees.
The tentative deal will be presented for ratification on Sept. 12.
MOL inspectors will look at OHSA compliance from Sept. 15 to Oct. 26.
The acquisition will boost the Stockholm-based appliance manufacturer’s presence in North America.
To enter service in the second half of next year despite the delay.
Also, the company’s CEO Sveinung Svarte will retire on Sept. 30.