Orion Plant tops GM's List
General Motors Corp. on Friday announced that it will start the production of its line of small and subcompact cars at the Orion plant in Orion, Michigan.
Executives said that it was a bargain that they could not refuse.
General Motors Corp. North American Operations President Troy Clarke on Friday said that the company has decided to award the contract with Orion for the production of its small and subcompact vehicles, which is expected to begin in the early quarter of 2011.
In a statement, Clarke said that the company will acquire the services of Orion following a bidding process. The executive said that the plant has made a “very good” offer for the scheduled production of its subcompact vehicles in 2011.
Orion edged two other competitors for the production namely, Janesville and Spring Hill production plants.
According to reports, the Michigan plant has offered the car maker with a $779 million tax credits for a period of 20 years. It also said that it will give GM funds for workers’ retraining.
Michigan Economic Development Corp. President Greg Main said that they will apply the said credits to the future GM manufacturing operations and investments.
Main explained that the approach was strictly necessary as General Motors wants to have a hard bargain, which includes huge amount of upfront cash. Main said that it was important to do things as it is since the state could not afford to offer.
Meanwhile, both losing bidders refuse to reveal the amount of incentive offers. GM is planning to invest some $800 million to the Orion plant.
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