Tax Incentives Bill For Auto Businesses Passes Senate Committee

A bill that would give tax incentives to Kentucky auto manufacturers and related businesses is a few steps away from becoming law. State Representative Larry Clark is the sponsor of House Bill 400. The bill would re-open a 2007 law that gave Ford Motor Company tax incentives. Those incentives encouraged a one billion dollar investment… Continue reading Tax Incentives Bill For Auto Businesses Passes Senate Committee

Bill Would Expand Tax Incentives to Toyota, General Motors

A Louisville lawmaker is looking to enhance job creation in Kentucky’s auto industry by amending a law that’s already on the books. House Speaker Pro Temp Larry Clark has filed House Bill 400 to update the 2007 Kentucky Jobs Retention Act, which helped bring 3,000 jobs to Ford plants in Louisville. This year’s bill would… Continue reading Bill Would Expand Tax Incentives to Toyota, General Motors

GM Invests in Corvette Plant

by Dan Modlin, Kentucky Public Radio General Motors will spend $131 million to upgrade its plant in Bowling Green. GM North America Preisdent Mark Reuss says the money will upgrade the plant so it can build the next generation of Corvettes. “Last week we announced a number of significant improvements to the 2012 Corvette coming… Continue reading GM Invests in Corvette Plant

Bunning Criticizes Obama Plan For GM, Chrysler

U.S. Senator Jim Bunning of Kentucky says the Obama administration is getting too involved in the daily operations of General Motors and Chrysler. President Obama is giving the automakers another infusion of cash and a new deadine to come up with a more aggressive restructuring plan. Bunning says the companies should go ahead and file… Continue reading Bunning Criticizes Obama Plan For GM, Chrysler

Lagging Auto Sales Prompt Temporary Plant Shutdowns

Bowling Green’s Corvette plant is shut down for six weeks starting today. The facility is idle because of the vehicle’s lagging sales, which are down by 50-percent from last year. The Corvette plant has about 600 employees, it’s smallest workforce ever. Local United Auto Workers President Eldon Renaud says there’s a lot of uneasiness about… Continue reading Lagging Auto Sales Prompt Temporary Plant Shutdowns

Beshear Urges U.S. To Help Automakers

Kentucky Governor Steve Beshear is calling on Congress and the White House to move quickly on an economic stimulus package that would include help for the sagging auto industry. Governor’s spokesperson Jay Blanton says Kentucky’s economy is vitally linked to the industry. “We’re now the third largest producer of automobiles in the country, behind only… Continue reading Beshear Urges U.S. To Help Automakers