R&D Tax Credit for Automotive

Automotive Component manufacturers conduct a considerable amount of research and development to devise products that meet their customer’s requirements as well as to maintain their position in a highly competitive marketplace. To do so, automotive component manufacturers rely on the principles of physical sciences, including mechanical and electrical engineering, material sciences, manufacturing engineering, computer science, etc. Examples of Automotive Component manufacturing activities that present R&D tax credit opportunities include:

  • Developing new or improved engine, transmission and suspension components
  • Design and development of high-performance aftermarket parts and assemblies for engine cooling and exhaust systems
  • Developing automotive topping fabrics, and interior and exterior trim components
  • Developing plastic-injection molds and molding processes
  • Developing automated welding and assembly systems
  • Developing state-of-the-art electronic navigation and sensory systems

Businesses in the Automotive Component industry are likely candidates to receive cash benefits from an R&D tax credit study. Intrepid Advisors' experts can deliver maximum benefits for each tax year.

Company Profile

Annual Revenue:
$325 - $350 Million

Employees:
500+

R&D Tax Credits

Federal R&D Tax Credit:
$3,803,117

State R&D Tax Credit:
$673,152

R&D Tax Credit for Automotive

Learn More About R&D Tax Credits