CHICAGO Subaru of Indiana Automotive Inc. plans to
invest between $400 million and $450 million to expand its
Lafayette, Ind., campus, Indiana Economic Development Corp. and
the company said in a joint statement.
When the 500,000-square-foot expansion is complete, Subaru of
Indiana will be able to build an additional 100,000 vehicles
per year. It will also be able to assemble the Subaru Impreza,
which is currently manufactured only in Japan.
Construction is set to begin this fall and end by late 2016.
The Lafayette facility, which now makes the Outback, Legacy and
Tribeca models, produced a record 271,583 vehicles in the year
ended March 31. More than half of all Subarus sold in North
America last year were built at the facility.
IEDC offered Subaru up to $9.5 million in conditional tax
credits and up to $500,000 in training grants based on
Subarus job-creation plans, and the city of Lafayette is
expected to consider additional property tax abatement.
This will be Subaru of Indianas second expansion in less
than a year. The Lafayette-based company launched a separate
$75-million capacity-boosting capital project at the campus
late last May
(amm.com, May 24