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GM to spend $3.5 billion in Michigan under revised tax credit deal

Auto Blog News Feed - Sun, 01/26/2020 - 15:00

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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

Continue reading GM to spend $3.5 billion in Michigan under revised tax credit deal

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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Junkyard Gem: 1998 BMW 740iL

Auto Blog News Feed - Sun, 01/26/2020 - 13:00
Categories: Cars

U.S. senator slams Tesla's 'misleading' name for Autopilot driver assistance system

Auto Blog News Feed - Fri, 01/24/2020 - 19:15

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A U.S. senator on Friday urged Tesla Inc to rebrand its driver assistance system Autopilot, saying it has "an inherently misleading name" and is subject to potentially dangerous misuse. The electric automaker introduced new warnings for red lights and stop signs last year "to minimize the potential risk of red light- or stop sign-running as a result of temporary driver inattention," Tesla said in the letter. Senator Edward Markey said he believed the potential dangers of Autopilot can

Continue reading U.S. senator slams Tesla's 'misleading' name for Autopilot driver assistance system

U.S. senator slams Tesla's 'misleading' name for Autopilot driver assistance system originally appeared on Autoblog on Fri, 24 Jan 2020 14:15:00 EST. Please see our terms for use of feeds.

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