Michigan gov: 'Strong possibility' Foxconn opens facility - Foxconn incentives package to cost Wisconsin $50M in lost tax revenue

Foxconn may in fact be heading to Michigan, according to Gov. Rick Snyder. Foxconn Chairman Terry Gou was quoted in Chinese media reports as saying the company, a major supplier for Apple (AAPL), might open a new facility in Michigan to research new automobile technology like self-driving vehicles. Michigan, the home of General Motors (GM), Ford (F) and Fiat Chrysler (FCAU), would be the second U.S. location for Foxconn. The Taiwanese electronics manufacturer recently announced plans to build a massive $10 billion plant in Wisconsin. Gov. Snyder is optimistic that Foxconn will open a facility in Michigan, but said what exactly it is has not been determined and it could be a few months before any potential deal takes shape.