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Tax break

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    Report: GM to get $14 billion domestic tax break     1298503800

    It looks like General Motors will be able to skip out on around $14 billion worth of taxes domestically and another $19 billion in taxes overseas thanks to a deal with the U.S. government. According to Edmunds, 2010 will mark the first year since 2004 that the company has operated in the black, and ...

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    Senator calls for tax incentives on all new-car sales     1226532720

    When automakers are throwing thousands of dollars of incentives on the hoods of their wares in an effort to stimulate sales, what good would another $1,500 on a $25,000 car do? As the recent sales numbers show, buyers aren't being taken in by the constant sounding of the "SELL SELL SELL!" klaxon. ...

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    City of Flint gives GM tax breaks for Cruze and Volt factory     1219962720

    Giveth, and taketh away, isn't that always the story? On the taketh away side, GM has recently lost a serious chunk of change. On the giveth side, The General received a $56 milion package of tax credits and grants to keep an SUV factory open in Ohio. It has also just received another package of ...

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    All VW and Mercedes diesels eligible for tax credit     1218486720

    We knew last month that the Jetta TDI was qualified for the tax credit. Now, word is out that all of the new-generation clean diesels for Volkswagen (TDI) and Mercedes-Benz (Bluetec) will be joining the elite handful of vehicles that qualify for a federal alternative-powertrain tax credit. Formerly ...

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    McCain backs $5000 tax break for Volt, others     1216407720

    Presumptive Republican nominee for President, John McCain has wrapped up his tour and speaking engagement at General Motors, where the Arizona Senator discussed the U.S.'s current fuel situation and the proliferation of electric cars. Addressing the General's assembled workers, McCain said, "I ...

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    GM wants tax incentives to build Volt in Detroit     1212528660

    Click on the above image for a high-res gallery of the Volt Concept With both hands extended, General Motors has asked Detroit City Council members for tax breaks to ensure the highly-anticipated hybrid electric-powered Chevrolet Volt will be built in their city. This news comes on the heels of GM ...

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    Toyota asks Thai government for large hybrid tax breaks     1146605520

    Toyota's Thailand arm is lobbying the government for hybrid tax incentives. The nation's biggest automaker is hoping authorities will incentivize its Dual Synergy Drive hybrids with engines larger than 3.0-liters. For its part, the Thai government already allots a 10-percent excise tax on sub ...

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