GM plans $290M investment in Corvette plant
July 5, 2016 by The Associated Press
Jul. 5, 2016 – Kentucky officials say General Motors Corp. plans to invest $290 million at the automaker’s Corvette plant in Bowling Green.
The company’s North American manufacturing manager, Arvin Jones, said the investment includes technology upgrades to improve the Kentucky plant’s manufacturing process.
The investment announcement was made by Gov. Matt Bevin’s office in Frankfort.
Bevin’s office says the investment includes a $153 million project aimed at improving vehicle assembly line processes. The latest investment follows a series of upgrades and expansions in recent years at the Corvette assembly plant in south-central Kentucky.
To encourage the investment, Kentucky officials recently gave preliminary approval for GM to qualify for up to $3 million in tax incentives, based on the level of investment and job creation.