City of Flint gives GM tax breaks for Cruze and Volt factory
Thread Starter
Apathy Kills
Joined: Nov 2002
Posts: 60,714
Likes: 0
From: The Left Lane
City of Flint gives GM tax breaks for Cruze and Volt factory
Filed under: Etc., Plants/Manufacturing, Chevrolet, GM, Earnings/Financials
Giveth, and taketh away, isn't that always the story? On the taketh away side, GM has recently lost a serious chunk of change. On the giveth side, The General received a $56 milion package of tax credits and grants to keep an SUV factory open in Ohio. It has also just received another package of tax credits from the city of Flint, Michigan to aid its investment in a factory that will build engines for the new Volt and Chevy Cruze. Approved over some constituent disapproval by the Flint City Council, getting GM to build the factory there will keep 300 jobs in the city. GM is now looking to the state of Michigan for more tax incentives.
[Source: Detroit News via Green Car Congress]
Read | Permalink | Email this | Comments
</img>
</img> 
</img>
More...
Giveth, and taketh away, isn't that always the story? On the taketh away side, GM has recently lost a serious chunk of change. On the giveth side, The General received a $56 milion package of tax credits and grants to keep an SUV factory open in Ohio. It has also just received another package of tax credits from the city of Flint, Michigan to aid its investment in a factory that will build engines for the new Volt and Chevy Cruze. Approved over some constituent disapproval by the Flint City Council, getting GM to build the factory there will keep 300 jobs in the city. GM is now looking to the state of Michigan for more tax incentives.[Source: Detroit News via Green Car Congress]
Read | Permalink | Email this | Comments
More...