Back in 2009, OEM supplier Caparo Vehicle Components pledged to put $10.5 million back into its two plants in Novi, Michigan. That move was so warmly received by the state of Michigan that the company was awarded $1 million in tax credits over five years. The company got its credits in 2010, reports The Detroit News, and may have collected a credit in 2011, as well, although the Michigan Economic Development Corporation reports the proper paperwork was not filed with the state. Caparo had been t
REPORT: Panel okays money for added exhibition space for relocated Detroit Auto Show - if Cobo talks fail
The North American International Auto Show is the biggest event to hit the state of Michigan in any given year, but the location of the event has come under fire due to the advanced state of disrepair of Detroit's Cobo Hall. Earlier in the year, the state of Michigan and representatives from Wayne, Oakland, and Macomb counties approved up to $299 million to repair and expand Cobo in exchange for the facility being turned over to a regional authority run by all three counties.