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Benzinga
Benzinga
Technology
Rachit Vats

GM Secures $1.3B Tax Break For Orion EV Assembly Plant Expansion

GM Orion NYSE Detroit Detroit Free Press General Motors Co

General Motors Co (NYSE:GM) has secured a tax break on its proposed $1.3 billion investment to expand the Orion assembly plant for building electric vehicles, the Detroit Free Press reported on Tuesday, citing an Orion township trustee.

What Happened: GM had earlier this month filed an application with the Orion Township, seeking tax abatement. The automaker plans to start the expansion in July and finish the construction by December 2025.

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