updated: 5/16/2012 7:52:52 AM

Indiana Auto Momentum Continues

InsideINdianaBusiness.com Report

In what is expected to be another indication of a strengthening sector, Subaru of Indiana Automotive Inc. is planning a jobs announcement this morning in Lafayette. Governor Mitch Daniels is expected to attend the event, which follows a record sales month for Subaru. The automaker posted its best-selling April in U.S. history. Subaru is planning to introduce the 2013 versions of the Legacy and Outback later this year. Both models are produced at the Lafayette plant.

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The anticipated investment at SIA follows moves by General Motors Co. (NYSE: GM) to pump more money into operations in Fort Wayne, Marion and Bedford. Chrysler Group LLC is also investing more than $1 billion into its Kokomo transmission facilities. It is believed to be the largest U.S. plant investment by that auto manufacturer since emerging from bankruptcy in 2009.

This morning's announcement is set for 10:45.

SIA named a new president and chief executive officer earlier this year. Masaki Okawara replaced Motokiyo Nomura, who has returned to japan to head up another Subaru division.

The plant began production on the seventh-generation Toyota Camry last fall. Executive Vice President Tom Easterday said at that time the company would hire an additional 150 workers to help with production of the new model.

Source: Indiana Economic Development Corp., Inside INdiana Business

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