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Poor Elon....next they're gong to take your subsidy

Posted on 9/22/17 at 8:40 am
Posted by CptBengal
BR Baby
Member since Dec 2007
71661 posts
Posted on 9/22/17 at 8:40 am
quote:

Trump Negotiations lead Mercedes-Benz to build $1 Billion Electric SUV Plant in Tuscaloosa, Alabama

Another massive victory for the State of Alabama and the United States of America as well as the American economy, as Mercedes-Benz has announced it will be building a $1 billion plant in Tuscaloosa.

The new facility will be a stage of the art hub for Mercedes-Benz and its plan to switch to having electric vehicles by 2022 for each of its current models.


LINK
Posted by thelawnwranglers
Member since Sep 2007
38791 posts
Posted on 9/22/17 at 8:43 am to
Who is going to help them make those batteries baw?

Asking for a friend


looks like they separated from Telsa for that and going with SK company :(
This post was edited on 9/22/17 at 8:46 am
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 9/22/17 at 8:45 am to


Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 9/22/17 at 8:50 am to
quote:

He said the package will include statutory incentives, performance-based incentives, statutory tax abatements and tax credits.


From your article. Now it's going to be fun to watch the board do mental gymnastics to support this because Trump was supposedly involved, while at the same time shitting on Elon Musk because he's a welfare queen.
Posted by roadGator
Member since Feb 2009
140554 posts
Posted on 9/22/17 at 8:51 am to
Do we have enough affordable lithium in the ground to even make electric cars for everyone real?

I doubt that.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 9/22/17 at 9:01 am to
quote:

He said the package will include statutory incentives, performance-based incentives, statutory tax abatements and tax credits.


We love our corporate welfare don't we people!

Trump!Trump!Trump!
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35407 posts
Posted on 9/22/17 at 9:02 am to
quote:

Do we have enough affordable lithium in the ground to even make electric cars for everyone real?

I doubt that.
Yeah, they went ahead with plans on a billion dollar plant without consulting roadGator on the available Lithium. What fools!
Posted by Navytiger74
Member since Oct 2009
50458 posts
Posted on 9/22/17 at 9:04 am to
quote:

From your article. Now it's going to be fun to watch the board do mental gymnastics to support this because Trump was supposedly involved, while at the same time shitting on Elon Musk because he's a welfare queen.
Groundhog day.
Posted by Xenophon
Aspen
Member since Feb 2006
40923 posts
Posted on 9/22/17 at 9:04 am to
So the people get more money through jobs and the government gets less money through taxes. And you have a problem with that?
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 9/22/17 at 9:08 am to
quote:

So the people get more money through jobs and the government gets less money through taxes. And you have a problem with that?




Posted by roadGator
Member since Feb 2009
140554 posts
Posted on 9/22/17 at 9:10 am to
quote:

Yeah, they went ahead with plans on a billion dollar plant without consulting roadGator on the available Lithium


You think this plant is going to build electric cars for "everyone"? Yikes.
Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 9/22/17 at 9:11 am to
quote:

From your article. Now it's going to be fun to watch the board do mental gymnastics to support this because Trump was supposedly involved, while at the same time shitting on Elon Musk because he's a welfare queen.
They're not gonna do "mental gymnastics." They're gonna either ignore it or laugh at you for thinking anyone anywhere gives a frick about principles in [current year].
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 9/22/17 at 9:26 am to
quote:

So the people get more money through jobs and the government gets less money through taxes. And you have a problem with that?


You realize that a tax credit is more than just government getting less money? It's government giving additional money away over and above the tax that would be owed.
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20530 posts
Posted on 9/22/17 at 9:44 am to
quote:

You realize that a tax credit is more than just government getting less money?


Actually, it's not. Mercedes is still a net payer.

Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 9/22/17 at 9:55 am to
quote:

Actually, it's not. Mercedes is still a net payer.


How do you know that when they haven't even released the full details of the incentive package? The tax credits could easily exceed all other taxes. A lot of the taxes are probably abated too.
Posted by JuiceTerry
Roond the Scheme
Member since Apr 2013
40868 posts
Posted on 9/22/17 at 10:08 am to
quote:

He said the package will include statutory incentives, performance-based incentives, statutory tax abatements and tax credits.


From your article. Now it's going to be fun to watch the board do mental gymnastics to support this because Trump was supposedly involved, while at the same time shitting on Elon Musk because he's a welfare queen.
Lol here comes "Musk is worse, clown!"
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98866 posts
Posted on 9/22/17 at 10:09 am to
quote:

Do we have enough affordable lithium in the ground to even make electric cars for everyone real?


Key word there.

I suspect there may be enough lithium, but the amount of environmental damage that will be wrought to get it will be incredible (and, ignored by climate change acolytes).
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40106 posts
Posted on 9/22/17 at 10:16 am to
Seriously I don't think I ever read an article in the 8 years Obama was in office that had the sentence "Obama led-negotiations brings 1 billion dollar plant to ....."
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 9/22/17 at 10:17 am to
quote:

Alabama Commerce Secretary Greg Canfield said that while the specific details of the state's incentive package for Mercedes-Benz agreeing to build in Alabama are still being negotiated, because the timetable and scope of the project is still being determined, this is a huge boost for the state which is growing at a record pace as an industry leader.

He said the package will include statutory incentives, performance-based incentives, statutory tax abatements and tax credits.


So you're worried about Alabama taxes?
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20530 posts
Posted on 9/22/17 at 10:22 am to
quote:


So you're worried about Alabama taxes?


It is definitely localized. There has been no indication of any federal incentive or subsidy. I expect the deal will resemble the package that initially lured them to the state.
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