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Ringo64

GM Investing $131 Million Into Corvette Plant, Hiring 250 Workers

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In preparation for the next-gen C7 Chevy Corvette, General Motors is planning some big-time upgrades to its Bowling Green Assembly Plant, to the tune of $131 million.

According to a report by the Bowling Green Daily News, GM has filed paperwork and gained approval from the state of Kentucky for a $131 million investment in the facility. The plant’s fact sheet reveals that the facility has been in operation since 1981 and currently builds all Corvette variants including the Z06 and the ZR1, which at an MSRP of over $100,000 makes it General Motor’s most expensive vehicle.

GM has since released an official statement on its expansion plans for Bowling Green, which include a $131 million investment, and the hiring of an additional 250 workers, in preparation for the next-generation C7 Corvette.

Mark Reuss, GM North America president, spoke at the event, saying, “This is a significant day for anyone who believes that America should build world-class, high-performance products. Corvette has no domestic peer for performance and pedigree and stands alongside the world’s best supercars with almost 60 years of continuous heritage.”

The plant currently employees 471 hourly and salaried workers, most of whom feared that the plant may close.

“At times we were on pins and needles about whether or not this plant would continue to build a car because the bar is constantly being raised,” said Eldon Renaud during an interview with the Daily News. He is the current president of Local 2164 of the United Auto Worker and has been employed with GM since 1968.

GM has made multiple multi-million dollar improvements throughout the plant’s history and the reported future investment should put Renaud’s fears to rest for the time being. There are no official details on the C7 Corvette, but we expect GM will continue the iconic sports car’s recipe of value matched with performance that targets its European rivals.

In the meantime, the 2012 Corvette has just undergone some upgrades and revisions, including upgraded tires, new packaging, and increased seat bolstering.

Source: The Bowling Green Daily News, GM

Read more: http://wot.motortrend.com/gm-invest-millio...l#ixzz1LQwoBGhs

Very nice to see!!

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Nice to see the corvette is staying at that plant there had been rounors that they might move the plant. IMO thats the only plant for the corvette it would of been a sin to move it. Also I think the hard core gm/vette fans would of been pissed if they moved the plant.

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Most definitely :D

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