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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France hopes to keep Brussels sweet with new electricity pricing scheme
PARIS - France has unveiled a new electricity pricing mechanism, hoping to defuse months of tension over energy subsidies with Brussels and its neighbors.
The strain has included a Franco-German fight over the reform of the bloc's electricity market, with Germany accusing France of wanting to subsidize its industry via artificially low energy prices, while Paris maintained it should have the right to make the most of its relatively cheap nuclear energy. That fight has now been settled.
On Tuesday, the French government presented a new mechanism — complex, and still-to-be-detailed — to bring the average price of electricity closer to €70…
