General Motors Co. says August flooding that caused severe damage to a Warren, Mich., facility and displaced nearly 19,000 employees has cost about $132 million.
The Detroit Free Press reports the company disclosed the figure Thursday and says some of the cost is insured. The GM Tech Center closed Aug. 12 when floods ravaged the Detroit suburb following record rainfall.
GM declined to comment to the newspaper on the extent of its insurance but says recoveries will be included in future earnings reports. It didn’t receive federal assistance.
Many employees worked from home or other GM locations for weeks after the flooding. About 30 million gallons of water were pumped out of buildings and tunnels on the Warren campus.
GM has said the flooding didn’t delay any vehicle programs.
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