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General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles.
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General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. General Motors, which had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles, warned that more hits may be ahead as it adjusts production under a new administration, and non-cash charges may impact operations and cash flow in the future.
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State funding for economic development is a hot topic. Today, we get details on what companies starting EV battery plants in Michigan have delivered. Also, artist Elizabeth Youngblood talks about getting abstract forms to express an almost spiritual sense of time and change. And podcaster Courtney Andersen on upfront sobriety.
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The effort to rename and reshape one of Michigan’s main economic incentives programs made it out of a state House committee Tuesday.
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The Senate passed bills to create an R&D tax credit, resurrect an expired jobs program, and reshape an existing economic incentives program.
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Legislation to include community infrastructure plans in Michigan's big-business incentives program has received a hearing in a state House committee.
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The District Detroit development is getting $800 million in tax incentives from the city and state. We talked to one reporter who says the real cost is much higher. Also, we learned about the effort to reopen one of the world's tallest ski jumps—in Ironwood, MI.
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On today's show, we discussed Ford's newest round of layoffs, and decorated para-cyclist Kate Brim dished on her success. A feature from IPR covered bison farming, and Piet Oudolf talked about his trip to Oudolf Garden.
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Today on Stateside, a reboot of efforts to expand regional transit in Southeast Michigan. Plus, as the state tackles PFAS contamination, we look at the…
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Today on Stateside, the potential of the cannabis compound CBD as a treatment for people with chronic pain. Plus, a study out of North Carolina State…