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GM seeks tax breaks to build Chevrolet Volt in Detroit
By Yoann Besnard on 9 June 2008 | (1) Comments | Permalink
GM wants to build the eagerly-awaited in Detroit, but is ready to change its plan if the company doesn't get tax breaks from the city.
The future Volt is a crucial model for the American carmaker and is even the spearhead of a revival by GM itself. Producing the upcoming electric car in Detroit would be a tough message sent to foreign carmakers, but GM isn’t ready to lose money on the future model and has met the recently met with Detroit City Council members to discuss possible tax breaks.
Building the Volt in the US would also GM to improve its brand image at a time when the carmaker closes plants to restructure the business. Beyond the symbol, will the Volt be enough to keep the jobs in the US? Probably not, but GM bets that building the Volt in its hometown will have the same effect as the Prius for Toyota. Boosting the brand image enough to sell more conventional cars.
Posted by: Tiger balm | Aug 30, 2008 11:26:43 AM
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