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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 w
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GM to spend $3.5 billion in Michigan under revised tax credit deal originally appeared on Autoblog on Sun, 26 Jan 2020 10:00:00 EST. Please see our terms for use of feeds.
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