GM plans $290 million investment in Corvette plant

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Thread: GM plans $290 million investment in Corvette plant

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    GM plans $290 million investment in Corvette plant

    GM plans $290 million investment in Corvette plant
    https://finance.yahoo.com/news/gm-plans-290-million-investment-corvette-plant-130923602.html

    June 24, 2016
    The AP

    Kentucky officials say General Motors Corp. plans to invest $290 million at the automaker's Corvette plant in Bowling Green



    BOWLING GREEN, Ky. (AP) -- Kentucky officials say General Motors Corp. plans to invest $290 million at the automaker's Corvette plant in Bowling Green.

    The company's North American manufacturing manager, Arvin Jones, said Friday the investment includes technology upgrades to improve the Kentucky plant's manufacturing process.

    The investment announcement was made by Gov. Matt Bevin's office in Frankfort.

    Continues at link

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    Re: GM plans $290 million investment in Corvette plant

    So if they were going to switch the Vette over to mid-engine, would it make sense to make these upgrades? Though they are pretty vague about exactly what they are doing, I'd assume $290 million isn't enough for the wholesale change to mid-engine. However, I could be wrong as I don't have any automotive background.

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    Re: GM plans $290 million investment in Corvette plant

    Quote Originally Posted by BlackGTP View Post
    So if they were going to switch the Vette over to mid-engine, would it make sense to make these upgrades? Though they are pretty vague about exactly what they are doing, I'd assume $290 million isn't enough for the wholesale change to mid-engine. However, I could be wrong as I don't have any automotive background.
    Or is it enough to add capability to assembly a rear-mid engine vehicle (Corvette or Cadillac) along side the current C7?
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    Re: GM plans $290 million investment in Corvette plant

    Quote Originally Posted by BlackGTP View Post
    So if they were going to switch the Vette over to mid-engine, would it make sense to make these upgrades? Though they are pretty vague about exactly what they are doing, I'd assume $290 million isn't enough for the wholesale change to mid-engine. However, I could be wrong as I don't have any automotive background.
    What's interesting about the potential switch to mid-engine is the story of the Ford GT.

    I've been told off hand, the original Ford Daytona Prototypes were essentially development mules for the Ford GT.

    Now, if we extend that thought to Corvette Racing, the mid engine Corvette DP could be serving a similar role...

    Of course that's what's turned the Ford GT into an ultra bespoke hand assembled car-- I for one don't see Corvette going in that direction, unless were talking about a second model.
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    Re: GM plans $290 million investment in Corvette plant

    Bowling Green has needed some "upkeep" for a while so that could be what this is as well.
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    Re: GM plans $290 million investment in Corvette plant

    Quote Originally Posted by Michael Accardi View Post
    What's interesting about the potential switch to mid-engine is the story of the Ford GT.

    I've been told off hand, the original Ford Daytona Prototypes were essentially development mules for the Ford GT.

    Now, if we extend that thought to Corvette Racing, the mid engine Corvette DP could be serving a similar role...

    Of course that's what's turned the Ford GT into an ultra bespoke hand assembled car-- I for one don't see Corvette going in that direction, unless were talking about a second model.
    And in my personal opinion, that would be the route to take: Make the ME Corvette a second model to compliment the first. Let it be the start of a wider portfolio of Corvette-branded products that will enable GM to have a performance standard-bearer. This will enable them to not only retain their current clientele (with the "traditional"/"Stingray" Corvette), but also attract new ones.

    Just my humble opinion, of course.
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    Re: GM plans $290 million investment in Corvette plant

    Quote Originally Posted by Michael Accardi View Post
    What's interesting about the potential switch to mid-engine is the story of the Ford GT.

    I've been told off hand, the original Ford Daytona Prototypes were essentially development mules for the Ford GT.

    Now, if we extend that thought to Corvette Racing, the mid engine Corvette DP could be serving a similar role...

    Of course that's what's turned the Ford GT into an ultra bespoke hand assembled car-- I for one don't see Corvette going in that direction, unless were talking about a second model.
    I don't think that is likely. The DP prototypes could have only been power train development mules for the GT as the chassis is shared with some other DP cars. Corvette DP's run an LS7 based 5.5L v8 similar to what the C6R did, it's pretty unlikely that they would use an LS7 based engine in a production car at this point.

    Also I think most (if not all) of the Ford teams are on the Riley chassis which is available for purchase already and has been around since 2012.
    Last edited by spd98; 06-24-2016 at 01:11 PM.

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    Re: GM plans $290 million investment in Corvette plant

    If this means a mid-engine Corvette is on the way, It will have o be a second model, mainly due to price. Not too many people would be able to afford one and would still be able to buy a conventional Corvette.

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    Re: GM plans $290 million investment in Corvette plant

    You're right.

    Although Multimatic did have several years as a chassis builder-- but tube frame doesn't mean much to the Ford GT.

    Quote Originally Posted by spd98 View Post
    I don't think that is likely. The DP prototypes could have only been power train development mules for the GT as the chassis is shared with some other DP cars. Corvette DP's run an LS7 based 5.5L v8 similar to what the C6R did, it's pretty unlikely that they would use an LS7 based engine in a production car at this point.

    Also I think most (if not all) of the Ford teams are on the Riley chassis which is available for purchase already and has been around since 2012.
    Question for all: does GM have a history of farming out smaller low volume, niche products to specialty builders like a Multimatic?

    I only ask because if we make the assumption that this second ubervette is designed essentially as a homologation special like the GT, do manufacturing process upgrades really fit the narrative?

    What I'm saying is if the 2nd Corvette is low volume, niche etc. will it even come down an assembly line, doesn't it make more sense to farm that project out to specialty partner? Hence why I ask if GM has a history doing similar...
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    Re: GM plans $290 million investment in Corvette plant

    Quote Originally Posted by Michael Accardi View Post
    Question for all: does GM have a history of farming out smaller low volume, niche products to specialty builders like a Multimatic?
    Yes, GM does. For many things. The short list includes, the LT5 engine, turbo TransAm cars, Syclone, and Typhoon for the first year. I'm sure there are others.

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    Re: GM plans $290 million investment in Corvette plant

    If Corvette was to switch to a proper mid-engned set up, would that mean a big price increase
    or could the changes be done in such a way as to keep the cars affordable?

    Would it then be a smart move to consider a TTV6 engine option like the Ford GT?

    I'm wondering how GM could make all those changes and still keep hold of existing buyers.

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    Re: GM plans $290 million investment in Corvette plant

    Quote Originally Posted by JimmyDiablo View Post
    Yes, GM does. For many things. The short list includes, the LT5 engine, turbo TransAm cars, Syclone, and Typhoon for the first year. I'm sure there are others.
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    Re: GM plans $290 million investment in Corvette plant

    Quote Originally Posted by Michael Accardi View Post

    Question for all: does GM have a history of farming out smaller low volume, niche products to specialty builders like a Multimatic?
    Back in the day, GM had a special plant just for such vehicles. It was called the Lansing Craft Center. Things like Buick Reatta's and Pontiac Fieros would be built there. I think it's long since closed.

    The V-Series, RWD, Northstar V8's were built "in house" I think, though each was hand-built essentially.

    What I'm saying is if the 2nd Corvette is low volume, niche etc. will it even come down an assembly line, doesn't it make more sense to farm that project out to specialty partner? Hence why I ask if GM has a history doing similar...
    Well, if it is a corporate platform, and this investment makes Bowling Green into more of a Flex-Plant, "both" cars could come down the same line. Like the CT6 in Hammtramck.
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    Re: GM plans $290 million investment in Corvette plant

    IMHO could 290 MIL buy enough to build a second unrelated car IE the MR "uberVette" ?
    I would imagine maybe a CADDY coupe based from the MF C7 assuming CADDY refuses to run the "SBC" small block and wants to build out the TTV6 and TOTALLY "new" body+interior

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    Re: GM plans $290 million investment in Corvette plant

    Could it be that GM has seen the light and is prepping for a Corvette hybrid similar to the Prius?
    Or an all electric Vette similar to the LEAF or electric IQ?


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