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GM Plans $290 Million Investment In Corvette Plant

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Posted at 1:53 PM, Jun 24, 2016
and last updated 2016-06-24 14:53:50-04

Kentucky officials said General Motors Corp. has planned to invest $290 million at the automaker's Corvette plant in Bowling Green.

The company's North American manufacturing manager, Arvin Jones, said Friday the investment included technology upgrades to improve the Kentucky plant's manufacturing process.

The investment announcement was made by Governor Matt Bevin's office in Frankfort.

Those with Bevin's office said the investment included a $153 million project aimed at improving vehicle assembly line processes. The latest investment followed 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.