A123 Systems awarded $100 million in refundable tax credits from Michigan Economic Development Corp.; Other agreements announced

摘要

According to A123 Systems President and CEO David Vieau, the company has secured more than S100 million in refundable tax credits from the state of Michigan and has selected Livonia as one of the sites where it is planning to base new production plants. Vieau added, "The refundable tax credits issued by the Michigan Economic Development Corporation (MEDC) will help implement A123's existingrnstrategy to establish Michigan as the manufacturing hub to meet demand from its growing global automotive customer portfolio."