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01-26-2020, 01:31 PM
Filed under: Plants/Manufacturing (https://www.autoblog.com/category/plants-manufacturing/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-01/f8540990-3ef8-11ea-affa-bd1755a8710e Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home state automaker's incentives since 2009 — the value of GM's maximum tax credit will be cut by $325 million, to approximately $2.28 billion through 2029, and will be capped annually at an unspecified amount. The company wContinue reading GM to spend $3.5 billion in Michigan under revised tax credit deal (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/)
GM to spend $3.5 billion in Michigan under revised tax credit deal (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/) originally appeared on Autoblog (https://www.autoblog.com) on Sun, 26 Jan 2020 10:00:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/) | Email this (https://www.autoblog.com/forward/2203142/) | Comments (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-01/f8540990-3ef8-11ea-affa-bd1755a8710e Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home state automaker's incentives since 2009 — the value of GM's maximum tax credit will be cut by $325 million, to approximately $2.28 billion through 2029, and will be capped annually at an unspecified amount. The company wContinue reading GM to spend $3.5 billion in Michigan under revised tax credit deal (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/)
GM to spend $3.5 billion in Michigan under revised tax credit deal (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/) originally appeared on Autoblog (https://www.autoblog.com) on Sun, 26 Jan 2020 10:00:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/) | Email this (https://www.autoblog.com/forward/2203142/) | Comments (https://www.autoblog.com/2020/01/26/gm-michigan-tax-credit/#comments)
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