Corvette Assembly Plant Receives Additional $290 Million Investment from GM

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Corvette Assembly Plant Receives Additional $290 Million Investment from GM


General Motors has announced this morning that it will invest $290 million into the Bowling Green Assembly Plant with the money going to upgrade and modify the plant’s vehicle assembly operations with new technologies and processes.

The new investment is on top of the $439 million currently being spent to build a new state-of-the-art paint shop which is slated to open in April 2017.

Part of the new investment comes from the Kentucky Business Incentive (KBI). According to Bowling Green Daily News, an investment totaling $153 million was included in an application with the KBI. On Thursday, the Kentucky Economic Development Finance Authority gave its preliminary approval to $3 million in incentives for the project which is expected to add 270 jobs at an average of $21 per hour to the Bowling Green Assembly Plant’s workforce.

“GM has a long tradition of commitment to southcentral Kentucky and to producing, in Warren County, the finest sports cars in America,” said Kentucky Gov. Matt Bevin. “This benefits our entire state, both as a source of pride and as a tremendous contributor to our economy.”

“For 35 years, the Bowling Green Assembly Plant has provided jobs to thousands of Kentuckians and to hundreds of suppliers and vendors. We congratulate GM and offer our commitment to lending them support for this project and any others they may undertake in the future,” continued Gov. Bevin.

General Motors plants to start making the technology upgrades and improvements in the manufacturuing process this summer.

“We are making technology investments that will continue to improve our manufacturing processes and ultimately the quality of our vehicles,” said North American Manufacturing Manager Arvin Jones. “We are putting Corvette customers first by building upon our world-class manufacturing process.”

General Motors announced last May that it will be investing $439 million to build a 870,000 sq foot facility to house the new paint shop for the Corvette Assembly Plant. Construction of started last fall and the final steel beam was put in place in April.


Source:
General Motors and Bowling Green Daily News

Related:
GM to Invest $439 Million for a New Corvette Paint Shop
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GM to Invest $44 Million and Create 36 New Jobs at the Corvette Assembly Plant