Business

GM should repay $60 million in state tax credits: Ohio AG

WASHINGTON (Reuters) – Ohio Attorney General Dave Yost said Tuesday that General Motors Co should repay $60 million in state tax credits after it closed its Lordstown Assembly plant in March 2019. In a brief to the Ohio Tax Credit Authority, Yost said GM in 2009 agreed to maintain operations at its northeast Ohio plant […]

Business

GM CEO optimistic on U.S. demand, China, EV profitability

DETROIT (Reuters) – General Motors Co’s (GM.N) top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell electric vehicles at a profit, especially in China. “We’re cautiously optimistic” about U.S. new vehicle demand, Chief Executive Officer Mary Barra said at a virtual press […]