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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  • by St. James Location: St. Johns on Aug 5, 2009 at 10:38 AM
    The problem is some day we have to pay for this. Just as we are paying for the ethonal scam run by these same liberals. Ask yourself, why hasn't "The Greedy American Corp." already capitalized on these ventures. Becuase it's not worth it!!! Do the math, 48 projects create tens of thousands of jobs. If it were just 10,000 jobs it would be 200 jobs per project and how many will fail in the first two years as do most start up business'. As some will say, a job is a job. It's a false job becuase, there is no support for it, demand at an affordable price. Someone will have to pay for this! How did America ever get this far with out PeBO and the Gaffe Master's hair brain ideas???
  • by glenn Location: mich on Aug 5, 2009 at 06:14 AM
    I hope the electric car thing don't end up a flop.I really hope the gov don't say you have to own one or not have a car.Every day people are faced with they can no longer afford.If your not making high pay you must go with out,or just can't have.A nice way to tell people what they can and can't have.So many freedoms have been taken away by making things expensive and government has gotten envolved in cars,saying what you should drive by the clunker thing rebate,automotive companies had to get help because no one stoped them from unions grabbing every pennie from the company.Government just set by,knowing homes would be lost,interest rates ect.They let jobs go overseas,knowing we'd be without.Now they are stepping in and saying,we will help you if --Really meaning by help you is take your freedoms away,and run your life.Jobs may come from this but for whom?Which is good but under what conditions.How long before robots take our jobs away from us?
  • by Anonymous on Aug 5, 2009 at 05:27 AM
    $2.4 billion dollars is nothing if you have an unemployment rate of 15%, I guess it's better than nothing.
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