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GM invests $290 million into Corvette production

Nearly half of investment will go into Kentucky tax incentive plan

Published: June 24, 2016, 10:30 PM
Updated: June 27, 2016, 1:49 PM

Chevrolet Corvette Grand Sport - Of course the Corvette was on almost every young boomer’s automotive lust list – specifically the second-generation Sting Ray models, which set new standards in both styling and engineering for American cars. The most desirable and unobtainable of that lot were five special Grand Sport models built for Le Mans level endurance racing, just before GM pulled the plug on such covert competition activities. While the new C7 Stingray is closer in appearance to the less-desirable C3 models than those iconic C2s, it does offer a Grand Sport model, trimmed and outfitted to evoke those originals. Without the optional Z07 track package it will be a distinctive and reasonably comfortable driver with serious appreciation potential.

General Motors has announced an investment of $290 million US in its Bowling Green Assembly plant to upgrade and modify assembly operations for the Corvette with new technologies and processes.

Nearly half of the new investment ($153 million) will go into the Kentucky Business Incentive, which provides income tax credits and wage assessments to companies that locate or expand operations in Kentucky.

“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. “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.”

The new money is an additional investment to the $439 million previously announced for the construction and start-up of the paint shop. It will go toward facility improvements, which include technology upgrades and improvements to the manufacturing process, starting in summer 2016.

“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.”

“For over 35 years our members in Bowling Green have built quality products with pride,” said UAW Vice President Cindy Estrada. “This investment will give UAW members the tools of a world-class production facility to continue to craft one of the world’s most iconic automobiles.”