18 JULY 2014www.whas11.com
GM proposes $27 million Bedford plant investment
Edited by : AL CIRCLE
1 min read
General Motors has proposed investing $27 million in its Bedford casting plant for machinery, equipment and tooling needed to produce aluminum engine blocks.
The Times-Mail reports the automaker filed a tax abatement request for the investment, saying it would add about 42 jobs and raise the southern Indiana plant's employment to 656. Bedford Economic Development Commission Chairman Patrick Robbins said the tax abatement would save GM 1.9 million in taxes over 10 years.
GM plans to install the new equipment beginning in early November and finishing in March 2016.
GM announced last December it planned to invest $29 million in the Bedford plant to make parts for six- and 10-speed transmissions.
The Times-Mail reports the automaker filed a tax abatement request for the investment, saying it would add about 42 jobs and raise the southern Indiana plant's employment to 656. Bedford Economic Development Commission Chairman Patrick Robbins said the tax abatement would save GM 1.9 million in taxes over 10 years.
GM plans to install the new equipment beginning in early November and finishing in March 2016.
GM announced last December it planned to invest $29 million in the Bedford plant to make parts for six- and 10-speed transmissions.
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