xcel
09-26-2008, 11:55 AM
Detroit City Council panel hears the pitch. (http://www.freep.com/apps/pbcs.dll/article?AID=/20080925/BUSINESS01/809250355/1014)
http://www.cleanmpg.com/photos/data/501/2011_Chevrolet_Volt_Exterior_News.jpgBen Scmitt and Katie Merx – Detroit Free Press – Sept. 25, 2008
2011 Chevrolet Volt.
If there was ever a reason to abate taxes, this might be it :) -- Ed.
Assembly of the Chevrolet Volt extended-range electric car would bring 550 jobs to the city, General Motors Corp. officials told a Detroit City Council committee.
GM is seeking a $136-million tax abatement over 25 years to build the car at the Detroit/Hamtramck Assembly Plant.
"It's important because it introduces new technology for General Motors," said Blake Watkins, tax abatement manager for Detroit's Planning and Development Department. "The electric car is very big to their existence.
"We will be evolving this technology here, involving the residents of the city of Detroit ... and moving GM's technology forward, at the same time moving the city of Detroit forward," Watkins said.
GM proposed investing $336 million at the plant, which employs 1,944 people, he said… http://www.freep.com/apps/pbcs.dll/article?AID=/20080925/BUSINESS01/809250355/1014
http://www.cleanmpg.com/photos/data/501/2011_Chevrolet_Volt_Exterior_News.jpgBen Scmitt and Katie Merx – Detroit Free Press – Sept. 25, 2008
2011 Chevrolet Volt.
If there was ever a reason to abate taxes, this might be it :) -- Ed.
Assembly of the Chevrolet Volt extended-range electric car would bring 550 jobs to the city, General Motors Corp. officials told a Detroit City Council committee.
GM is seeking a $136-million tax abatement over 25 years to build the car at the Detroit/Hamtramck Assembly Plant.
"It's important because it introduces new technology for General Motors," said Blake Watkins, tax abatement manager for Detroit's Planning and Development Department. "The electric car is very big to their existence.
"We will be evolving this technology here, involving the residents of the city of Detroit ... and moving GM's technology forward, at the same time moving the city of Detroit forward," Watkins said.
GM proposed investing $336 million at the plant, which employs 1,944 people, he said… http://www.freep.com/apps/pbcs.dll/article?AID=/20080925/BUSINESS01/809250355/1014