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The LSSV is a GM-built Chevrolet Silverado 2500 HD, Chevrolet Tahoe, or Chevrolet Suburban that is powered by the 5.3 L V8 for the Tahoe, 6.0 L V8 for the Suburban, and a Duramax 6.6 L V8 turbo diesel engine for the pickup trucks. As GM has periodically redesigned its civilian trucks and SUVs since 2001, LSSVs have also been updated cosmetically.
The tax credit will only be given to the original purchaser of the vehicle, and not to a secondhand owner. If the vehicle is being lease, the tax credit can be claimed by the leasing company alone. The vehicle must be used mostly in the United States. The vehicle must be placed in service by the taxpayer by 2010 or later.
The LSSV is a GM-built Chevrolet Silverado 2500 HD, Chevrolet Tahoe, or Chevrolet Suburban that is powered by a Duramax 6.6-liter turbo diesel engine. As GM has periodically redesigned its civilian trucks and SUVs from 2001 to the present, LSSVs have also been updated cosmetically.
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GM's CFO told investors the company has changed its business strategy to withstand market volatility and a new presidential administration.
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