{"id":4871,"date":"2022-02-25T10:36:34","date_gmt":"2022-02-25T09:36:34","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/02\/25\/a-really-bad-deal-michigan-awards-gm-1bn-in-incentives-for-new-electric-cars\/"},"modified":"2022-02-25T10:36:34","modified_gmt":"2022-02-25T09:36:34","slug":"a-really-bad-deal-michigan-awards-gm-1bn-in-incentives-for-new-electric-cars","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/02\/25\/a-really-bad-deal-michigan-awards-gm-1bn-in-incentives-for-new-electric-cars\/","title":{"rendered":"\u2018A really bad deal\u2019: Michigan awards GM $1bn in incentives for new electric cars"},"content":{"rendered":"

Automakers\u2019 history of taking fat subsidies and overpromising job growth make some analysts skeptical of the deal<\/p>\n

In September, Ford stunned Michigan when it announced plans<\/a> to build two massive electric vehicle (EV) plants in the nation\u2019s southeast instead of its midwestern back yard. Fearing the future of the automotive industry was leaving Detroit, the state\u2019s political class swung into action.<\/p>\n

Four months later, lawmakers responded by handing a staggering new subsidy deal<\/a> to GM that they claimed would fortify the Motor City\u2019s standing<\/a> as the world\u2019s auto capitol during industry electrification: In exchange for $1bn in tax incentives, the Detroit-based automaker promised $7bn in investment for new battery and EV plants that could create 4,000 new jobs.<\/p>\n

Continue reading…<\/a>
\nAutomakers\u2019 history of taking fat subsidies and overpromising job growth make some analysts skeptical of the deal
\nIn September, Ford stunned Michigan when it announced plans to build two massive electric vehicle (EV) plants in the nation\u2019s southeast instead of its midwestern back yard. Fearing the future of the automotive industry was leaving Detroit, the state\u2019s political class swung into action.
\nFour months later, lawmakers responded by handing a staggering new subsidy deal to GM that they claimed would fortify the Motor City\u2019s standing as the world\u2019s auto capitol during industry electrification: In exchange for $1bn in tax incentives, the Detroit-based automaker promised $7bn in investment for new battery and EV plants that could create 4,000 new jobs. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Automakers\u2019 history of taking fat subsidies and overpromising job growth make some analysts skeptical of the deal In September, Ford stunned Michigan when it announced plans to build two massive electric vehicle (EV) plants in the nation\u2019s southeast instead of its midwestern back yard. Fearing the future of the automotive industry was leaving Detroit, the …<\/p>\n

\u2018A really bad deal\u2019: Michigan awards GM $1bn in incentives for new electric cars<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":4872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4871"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4871"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4872"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4871"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}