Automakers awarded $50M in federal tax credits

DETROIT (NEWSCHANNEL 3) - Michigan automakers Ford and General Motors have been awarded $50 million in federal tax credits to promote investment in clean-energy manufacturing.

Senator Debbie Stabenow made the announcement Thursday.

Ford will get $30 million for its Michigan assembly plant in Wayne, while GM received $20 million for its Detroit-Hamtramck assembly plant.

Both plants are key to the automakers production of energy-efficient vehicles.

The tax credits are part of the advanced energy manufacturing tax credit program, which is part of the American Recovery and Reinvestment act of 2009.