GM proposes $27 million Bedford plant investment

Print
Email
|

Associated Press

Posted on July 16, 2014 at 5:50 PM

   BEDFORD, Ind. (AP) -- 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.
 
   The commission recommended approval of the request Monday. It now goes before the Bedford City Council.
 
   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.
   ------
   Information from: The Times-Mail

Print
Email
|