GM to Invest $131m in Bowling Green Assembly Plant
The plant in Bowling Green is scheduled to continue building the current generation Corvette for at least the next two model years, including the 2012 model year that begins this 2011 summer. During this period, the investment starts to take effect, preparing the facility for the next-generation Corvette.
Bowling Green is the manufacturer of all versions of the Chevrolet Corvette â€“Coupe, Convertible, Grand Sport, Z06, and ZR1.
According to GM, Nearly 400 production workers, represented by the UAW Local 2164, assemble these vehicles on a one-shift, 10-hour, Monday-Thursday production schedule. The plant employs many specialized operations, including unique hand-crafted techniques. Bowling Green has been home to Corvette production since 1981.
Mark Reuss, president of GM North America, said: "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.
â€œThis investment in Kentucky is among $3.4 billion made in the United States since mid-2009 to keep or create more than 9,000 jobs for American workers.â€
Joe Ashton, vice president of UAW, said: "We need to rebuild the great American middle class. There is no better way to achieve this worthy goal than providing meaningful jobs like the ones being created in Bowling Green. Our members have earned this investment through their hard work focused on the Corvette customersâ€™ unique desire for high performance, quality, and style.â€
Will the move commercially benefit the firm?
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