GM, Gilbert, A Train Station, And The Year In Detroit Business
What was the biggest story in Detroit’s economy in 2018?
General Motors announced last week it plans to lay off thousands of people and shut down several plants, including the Detroit-Hamtramck plant that makes the Volt. Meanwhile, Crain’s Detroit Business reports, GM may keep cashing in tax credits from the state for the workers its laying off.
Chad Livengood writes:
General Motors Co. may be able to continue claiming its maximum amount of tax credits from the state of Michigan even after the Detroit-based automaker sheds 8,100 salaried jobs in North America and possibly closes its Detroit-Hamtramck assembly and Warren transmission plants.
That has some state lawmakers calling for a re-examination of the taxpayer subsidies that the last three governors of Michigan have bestowed upon GM and its crosstown rivals Ford Motor Co. and Fiat Chrysler Automobiles in an effort to keep the automakers firmly planted in the state.
Livengood joins Detroit Today host Stephen Henderson to talk about GM and other big news stories from 2018.
To hear the conversation, click on the audio player above.
