General Motors is investing $131 million in the Kentucky plant that assembles the Corvette, creating 250 new jobs.
The announcement was met with cheers from the nearly five hundred current employees of Bowling Green Assembly.
They now know they will continue to make America's sports car for years to come.
"GM will invest $131 million in Kentucky to ensure that the next generation Corvette will be produced by this team, in this plant, in Bowling Green, the home of the Corvette," said Mark Reuss, GM North America President.
Bowling Green has been home to the Corvette for 35 years, since 1981 and is the official car of Kentucky.
"But we love the Corvette for even another reason. That reason can be summed up in one word and that word is jobs," said Kentucky Governor Steve Beshear.
GM's investment brings 250 new jobs to the plant, which Beshear says is the best news of all.
"250 Kentucky families that will be able to go to bed at night with the security that they're going to be able to put food on the table, put a roof over their families head, put clothes on their backs, and send their kids to school," said Beshear.
The millions of dollars will be used immediately to make renovations to the plant, like buying new manufacturing machines.
This will ensure that the icon of Bowling Green won't be driving out of this area any time soon.
"When I say our most iconic car, I mean America's most iconic car," said Reuss.
"The Corvette is here to stay in Kentucky. For the foreseeable future, every Corvette in the world is going to continue to be made in Bowling Green," said Beshear.
Reuss said one of the main selling points for putting so much money into the Bowling Green Assembly was the dedicated men and women who build these cars.
The plant will built the current model Corvette for the next two years.
Then they will begin work on the next-generation car.
Renovations are starting immediately on the plant.
Jobs will be gradually filled, with some of the jobs possibly filled by previously laid-off workers who were let go when GM went into bankruptcy two years ago.