Gm Fights To Retain Key Tax Credit Amid Plant Closing Plans

WASHINGTON (AP) — General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker tries to deal with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Preserving the $7,500 tax incentive for buyers is crucial for GM as the company pivots from internal combustion engines in favor of building cars powered by batteries or hydrogen fuel cells.Read more on NewsOK.com

Topics:  washington ap     general motors   u.s    preserving   gm   newsok   retain   plans   tax credit   

 

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