General Motors Corp. is planning a $150 million investment for its Wentzville, MO, assembly plant and is asking local officials to decrease property taxes by awarding industrial revenue bonds. The money will be spent to buy new equipment for the plant needed for the next-generation fullsize vans due to go into production in late 2002 as '03 models. According to the St. Louis Post-Dispatch, the city of Wentzville would issue bonds to purchase GM's equipment. As city-owned property, the ...
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