General Motors is putting its money to good use by infusing another $290 million into its production facility in Bowling Green, Kentucky, otherwise known Corvette plant. The move is seen as GM’s way of improving the technologies in the facility and improving existing processes, all to create a more efficient production framework for the Corvette.
It’s still unclear how General Motors plans to divvy up the large investment within the facility, but it is reported the assembly line is going to get a sizeable share of the funds as GM seeks to improve production beginning this summer. A significant portion of the funds, $153 million in total, is also being made available to the Kentucky Business Incentive, a program that encourages businesses from different industries to move to Kentucky or, in cases of those that are already planted in the state, to remain there.
It’s not uncommon for General Motors to loosen the purse strings to help add improvements into its Bowling Green facility. Back in May 2015, the automotive giant invested $439 million in facility upgrades, including the plant’s paint shop. As part of that investment, improvements were made to allow robots to use paint more efficiently, LED lighting to improve inspections, less energy-intensive baking ovens, and technology to eliminate sludge water, among other things.
The combined sum of $729 million in investments is part of the automaker’s three-year, $5.4-billion plant upgrades that it announced in 2015. All this maneuvering is tied into GM’s desire to invest as much as it can to ensure that the Chevrolet Corvette remains competitive against a growing number of rivals in the U.S. and foreign markets. It’s hard to argue against GM’s methods here, especially when you consider the increasingly competitive sports car segment in a lot of the world’s biggest markets.
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