xcel
09-30-2008, 02:38 AM
“We certainly support jobs and General Motors” (http://www.freep.com/apps/pbcs.dll/article?AID=/20080929/NEWS01/80929059/1014/BUSINESS01)
http://www.cleanmpg.com/photos/data/501/Volt_Clean.jpgZachary Gorchow – Detroit Free Press – Sept. 29, 2008
Breakthrough 2011 Chevrolet Volt 40-mile AER PHEV.
It is nice to see a domestic auto manufacturer receive tax breaks for an upgraded manufacturing plant to produce an advanced vehicle like the Volt. -- Ed.
A $136 million tax abatement to help persuade General Motors Corp. to build the Chevrolet Volt extended-range electric car at the Detroit/Hamtramck Assembly Plant won approval today from the Detroit City Council.
The abatement, which lasts 25 years, clears a hurdle toward GM’s proposed $336 million investment in the plant, which employs 1,944 people.
The council approved the measure on a 7-1 vote. Only Councilwoman JoAnn Watson voted no.
Even with the tax break, the company would still generate an additional $4.6 million a year in tax revenue for the city and Detroit Public Schools, said Irvin Corley Jr., the council’s fiscal analyst.
“As many jobs as we can get in the City of Detroit, I’m happy to keep,” Councilwoman Barbara-Rose Collins said. “These are terrible times.”
Watson said she voted no because the Detroit Three automakers are on the verge of receiving $25 billion in federal loans to aid them, and giving GM a tax break now doesn’t sit well with her… http://www.freep.com/apps/pbcs.dll/article?AID=/20080929/NEWS01/80929059/1014/BUSINESS01
http://www.cleanmpg.com/photos/data/501/Volt_Clean.jpgZachary Gorchow – Detroit Free Press – Sept. 29, 2008
Breakthrough 2011 Chevrolet Volt 40-mile AER PHEV.
It is nice to see a domestic auto manufacturer receive tax breaks for an upgraded manufacturing plant to produce an advanced vehicle like the Volt. -- Ed.
A $136 million tax abatement to help persuade General Motors Corp. to build the Chevrolet Volt extended-range electric car at the Detroit/Hamtramck Assembly Plant won approval today from the Detroit City Council.
The abatement, which lasts 25 years, clears a hurdle toward GM’s proposed $336 million investment in the plant, which employs 1,944 people.
The council approved the measure on a 7-1 vote. Only Councilwoman JoAnn Watson voted no.
Even with the tax break, the company would still generate an additional $4.6 million a year in tax revenue for the city and Detroit Public Schools, said Irvin Corley Jr., the council’s fiscal analyst.
“As many jobs as we can get in the City of Detroit, I’m happy to keep,” Councilwoman Barbara-Rose Collins said. “These are terrible times.”
Watson said she voted no because the Detroit Three automakers are on the verge of receiving $25 billion in federal loans to aid them, and giving GM a tax break now doesn’t sit well with her… http://www.freep.com/apps/pbcs.dll/article?AID=/20080929/NEWS01/80929059/1014/BUSINESS01