• May 25, 2006

Subaru is out for millions in Indiana. The automaker is soliciting the city council in Lafayette for $212 million worth of tax abatements so that it can convert its Tippecanoe plant to accommodate Toyota Camry production.

Among other things, Subaru has pledged to install some $205 million in machinery, along with another $7M earmarked for installation of a new loading dock and stamping press.

The company expects to build 40,000 Camrys next year, with an eye towards a full 100,000 units down the road, while affording about 1,000 additional laborers the opportunity to earn a crust.

[Source: The Associated Press via Mlive.com; CBSNews.com]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
    2012 Jeep Grand Cherokee
    $26,000 / 45,971 miles / VA
    2007 Chrysler Pacifica
    $7,870 / 94,161 miles / VA
    2010 Dodge Journey
    $11,999 / 86,055 miles / VA
    Show Omniture Values