22-01-2020

Automotive

EU auto market set for first drop in seven years: carmakers

European new car sales are forecast to fall by two percent in 2020, their first drop in seven years, the industry trade association said Wednesday as it urged governments to aid a transition to electric vehicles.

Automotive

GM to spend $3.5B in Michigan under revised tax credit deal

Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit.

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