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    HomeGreen LivingGreen VehiclesMore Cruise fallout: GM sues San Francisco for $121 million

    More Cruise fallout: GM sues San Francisco for $121 million

    The fallout from robotaxi company Cruise continues, as now General Motors has just filed a lawsuit against San Francisco for $121 million, in what it calls unfair taxes and penalties since it acquired Cruise. GM argues that San Francisco charged the company an inflated tax rate because it factored in its Cruise self-driving car division, which GM says is a separate entity.

    It all gets a bit muddy, but GM argues that San Francisco has unfairly tied its global revenue to Cruise’s side of the business, tallying up a taxable bill of $3 billion last year alone, rather than a more modest figure generated by GM alone, Bloomberg reports. Since 2016, when GM bought Cruise, which is headquartered in San Francisco, GM has paid $108 million in city taxes to San Francisco, plus $13 million in interest. And now the company is suing to get that money back.

    GM argues,…

    Read the full article originally published at electrek.co.

    Electrek
    Electrekhttps://electrek.co
    News, reviews, and analysis of the electric vehicle market. We provide coverage of the entire sustainable ecosystems and related products.
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