/ General Motors, Industry, News / US: Michigan lures GM and auto suppliers with incentives

US: Michigan lures GM and auto suppliers with incentives

Linked In Share
US: Michigan lures GM and auto suppliers with incentives

The US state is home to the Detroit three, so naturally the lawmakers have a fondness for the automotive business. The Michigan Strategic Fund has recently approved further tax exemptions for companies, spurring interest from GM and several auto suppliers.

The Michigan Strategic Fund just approved an amendment of the automaker’s global state tax credit, immediately followed by a General Motors announcement the company plans to invest up to $800 million in the state, creating in the process 1,750 new jobs. The modifications allows GM’s Warren Technical Center to rise the number of employees included in the state tax credit from 5,000 to 6,750.

“The $800 million in new investment will be the result of upgrading various facilities in Michigan in anticipation of future vehicle platforms and programs,” says a memo to the fund. “The 1,750 additional new jobs will be the result of the consolidation of various engineering functions from outside of Michigan to a site in Michigan.”

Auto suppliers, many hard hit during the last economic downturn, are also slowly returning to the state that houses the three major US automakers, with the lawmakers granting them various incentives to set up new businesses there. The grants range from $2 million going to Italy’s Brembo for a new factory to state tax credit for Chinese companies willing to invest in the US.

 

by Aurel Niculescu (my Google+) - Wednesday, July 23rd, 2014 - filed under General Motors, Industry, News. Image credit: .
Linked In Share
Related Articles
incentives Michigan policy state us


Discuss: US: Michigan lures GM and auto suppliers with incentives

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Paris Motor Show LIVE: Citroen DS3/DS3 Cabrio/DS3 Racing Facelift
Paris Motor Show LIVE: Citroen DS3/DS3 Cabrio/DS3 Racing FaceliftThe upscale DS brand has little to show off at the Paris Motor Show, but among its best offerings we found the DS3 lineup, a ...
Paris Motor Show LIVE: Peugeot 508 RXH
Paris Motor Show LIVE: Peugeot 508 RXHThe French automaker Peugeot has once more showcased to the public the facelifted range of the 508 model, including the rugged ...
Ferrari argues for ‘unfreeze’ as silly season bubbles
Ferrari argues for ‘unfreeze’ as silly season bubblesOct.2 (GMM/Inautonews.com) Ferrari is continuing to argue for a relaxation of the so-called engine 'freeze'. With Mercedes ...
Paris Motor Show LIVE: Nissan Pulsar
Paris Motor Show LIVE: Nissan PulsarNissan has opted to showcase to the public the new Pulsar compact model during the Paris Motor Show, as the model – officially ...
Paris Motor Show LIVE: Peugeot Exalt Concept
Paris Motor Show LIVE: Peugeot Exalt ConceptPeugeot has brought its Exalt Concept to the Old Continent, where it was unveiled at the 2014 Paris Motor Show, in a ...
Paris Motor Show LIVE Peugeot 208 GTI 30th Anniversary
Paris Motor Show LIVE Peugeot 208 GTI 30th AnniversaryAfter officially pulling the wraps off its body and then releasing more images with it, the Peugeot 208 GTI 30th Anniversary is ...
Paris Motor Show LIVE: Citroen C4 Cactus Airflow Concept
Paris Motor Show LIVE: Citroen C4 Cactus Airflow ConceptThe French automaker has debuted live during this year’s Paris Motor Show the C4 Cactus Airflow Concept, a prototype that meets ...
Paris Motor Show LIVE: Citroen C1 Urban Ride Concept
Paris Motor Show LIVE: Citroen C1 Urban Ride ConceptThe French based automaker Citroen has officially presented to the public, during the 2014 Paris Motor Show, the brand new C1 ...
Paris Motor Show LIVE: 2015 Volvo XC90
Paris Motor Show LIVE: 2015 Volvo XC90The new generation of the Volvo XC90 has been officially presented to the public at the 2014 Paris Motor Show, in a ...
Typhoon threatens Japan GP
Typhoon threatens Japan GPOct.2 (GMM/Inautonews.com) Mother nature is threatening to interfere with this weekend's running of the Japanese grand ...
Report – Berger to replace Dennis at McLaren?
Report – Berger to replace Dennis at McLaren?Oct.2 (GMM/Inautonews.com) Ron Dennis' future in charge of the McLaren team is once again in doubt, the German publication Auto ...
Caterham hits back after bailiffs seize F1 equipment
Caterham hits back after bailiffs seize F1 equipmentOct.2 (GMM/Inautonews.com) The signs are growing stronger that Caterham may not make it to the end of the 2014 season. Already ...
Mercedes admits ‘no peace’ between warring drivers
Mercedes admits ‘no peace’ between warring driversOct.2 (GMM/Inautonews.com) Toto Wolff has admitted tension between Mercedes' title-warring teammates is inevitable over the ...
Honda set for McLaren driver talks at Suzuka
Honda set for McLaren driver talks at SuzukaOct.2 (GMM/Inautonews.com) McLaren will not be making a driver announcement this weekend at Suzuka. With speculation about his ...
[VIDEO] Euro NCAP: 5 stars for the Mercedes-Benz V-Class and Nissan X-Trail
[VIDEO] Euro NCAP: 5 stars for the Mercedes-Benz V-Class and Nissan X-TrailThe new generation of the Nissan X-Trail, along with the Mercedes-Benz V-Class, have scored a total of 5 stars at the latest Euro ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

00-Citroen DS3 Cabrio Paris 2014 06
Peugeot 508 RXH Paris 2014 01
Nissan Pulsar Paris 2014 01
Peugeot Exault Paris 2014 01
Peugeot 208 GTi 30th Anniversary Paris 2014 04
Citroen C4 Cactus Airflow Paris 2014 01
Citroen C1 Urban Ride Paris 2014 01
Volvo XC90 Paris 2014 01
Spy-Shots of Cars
Spy-Shots of Cars
005-2016-mazda-mx5-miata-1
Spy-Shots of Cars

More automotive from inautonews
The upscale DS brand has little to show off at the Paris Motor Show, but among its best offerings we found the DS3 lineup, a model that was recently mildly restyled. The DS3, DS3 Cabrio and DS3 Racing mid-life facelift debuted back in May, but the Paris Motor Show is too important to miss out. So, ...
read more
Inautonews Editors Section
Test Drive: Honda Civic Tourer 1.8 Executive MT
Test Drive: Honda Civic Tourer 1.8 Executive MT The new generation of the Honda Civic, has added, for the first time ever, an estate version, which is aimed towards families who aren’t exactly ...
Test Drive: Mercedes-Benz SLK 250 AT
Test Drive: Mercedes-Benz SLK 250 AT The new generation of the Mercedes-Benz SLK has been introduced back in 2010 and production began one year later. The roadster has seen the public ...
Test Drive: Mercedes-Benz ML 250 BlueTEC 4MATIC
Test Drive: Mercedes-Benz ML 250 BlueTEC 4MATICThe off-road adventure for Mercedes started in America back in 1997 with the introduction of the original M-Class generation. The model was notable ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety [VIDEO] Euro NCAP: 5 stars for the Mercedes-Benz V-Class and Nissan X-TrailThe new generation of the Nissan X-Trail, along with the Mercedes-Benz V-Class, have scored a total ... [VIDEO] Euro NCAP: Citroen C4 Cactus scores 4 starsThe Citroen C4 Cactus, the newest edition to the European range of the company, has managed to ...
Safety Section