General Motors says it will make a major announcement on Thursday afternoon at the Corvette Assembly Plant in Bowling Green.
CEO Mary Barra and other top executives will reportedly announce the factory will build the new mid-engine Corvette and begin a second shift to meet demand for the C8, the eigth generation of the sports car.
GM also plans to relocate several hundred laid off workers from other GM plants to the Bowling Green plant.
The facility currently builds the Corvette Stingray, Z06, Grandsport, and ZR1.
Research Analyst Alan Baum told the Detroit Free Press that the Bowling Green plant will produce about 10,000 mid-engine Corvettes in the first year of production.
The next generation Corvette will be officially unveiled on July 18 at an undetermined location. The car is expected to go on sale in 2020.