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What's good for GM
Star-Telegram
Once again, Arlington has decided to test an old economic premise long advocated by those transit philosophers often described as auto monopolists: What's good for General Motors is good for America.
Arlington favors what's good for America, of course, but in this case the city's elected officials also hope that nearly $6 million worth of tax breaks authorized this week will work out to be most excellent for … well, Arlington.
Without actually promising to build the next generation of sport utility vehicles at the Arlington facility, GM is planning to invest $170 million in improvements to the local plant. It's on that investment that the big automaker wanted a property tax break over the next 10 years.
The plant manufactures the Chevrolet Suburban and Tahoe, the GMC Yukon and Yukon XL, and the Cadillac Escalade.
Those are not, unfortunately, the most fuel-miserly of vehicles, and their popularity could be endangered if gasoline prices continue to escalate. So there's some risk involved.
On the other hand, GM plans to introduce much more fuel-efficient hybrid versions of SUVs that combine big-haul capabilities with the gas mileage ratings of today's midsize sedans. If the new technology catches on as expected, the long-term benefits that the GM plant provides to the region could be tremendous.
Full Article Here
Star-Telegram
Once again, Arlington has decided to test an old economic premise long advocated by those transit philosophers often described as auto monopolists: What's good for General Motors is good for America.
Arlington favors what's good for America, of course, but in this case the city's elected officials also hope that nearly $6 million worth of tax breaks authorized this week will work out to be most excellent for … well, Arlington.
Without actually promising to build the next generation of sport utility vehicles at the Arlington facility, GM is planning to invest $170 million in improvements to the local plant. It's on that investment that the big automaker wanted a property tax break over the next 10 years.
The plant manufactures the Chevrolet Suburban and Tahoe, the GMC Yukon and Yukon XL, and the Cadillac Escalade.
Those are not, unfortunately, the most fuel-miserly of vehicles, and their popularity could be endangered if gasoline prices continue to escalate. So there's some risk involved.
On the other hand, GM plans to introduce much more fuel-efficient hybrid versions of SUVs that combine big-haul capabilities with the gas mileage ratings of today's midsize sedans. If the new technology catches on as expected, the long-term benefits that the GM plant provides to the region could be tremendous.
Full Article Here