Ford, GM line up Michigan tax credits for technology
Ford has received a $55 million refundable tax credit to continue work in advanced battery and electric vehicle development. The incentive is expected to help Ford's recently announced strategy designed to bring four electric vehicles to market by 2012.
General Motors Corp. will get a tax credit worth $6.8 million if it gives final approval to a factory to make battery modules and packs for its Chevrolet Volt.
The tax incentives were announced from the Michigan Economic Development Corp.
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U.S. power companies face supply-chain crisis this summer
WASHINGTON - U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season.
Extreme weather events such as storms, wildfires and drought are becoming more common in the United States. Consumer power use is expected to hit all-time highs this summer, which could strain electric grids at a time when federal agencies are warning the weather could pose reliability issues.
Utilities are warning of supply constraints for equipment, which could hamper efforts to restore power during outages. They are also having a…
