Mich. Companies to Get Money For Batteries

VP Biden to announce Mich. electric vehicle grants.

Vice President Joe Biden addresses the 2009 National Urban League Conference Chicago, Friday, July 31, 2009. (AP Photo/John Smierciak)

DETROIT (AP) -- The Obama administration says 11 Michigan manufacturers and research facilities will receive a share of $2.4 billion in grants for development of the next generation of electric vehicles and batteries, more than any other state.
Michigan and Indiana combined will receive the largest portion of the grant money.
Grant recipients and the specific amounts they will receive are being announced Wednesday by President Barack Obama in Wakarusa, Ind., and by Vice President Joe Biden in Detroit.
Matt Rogers, senior advisor to Energy Secretary Stephen Chu, told reporters during a briefing that the 48 projects in 25 states will create or retain tens of thousands of jobs. He says grant recipients will release exact figures.

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