Skip to Content

Big Three to White House: help us build better batteries (by giving us $500,000,000)



The Wall Street Journal yesterday reported that the Big Three have asked the federal government for a $500 million helping hand to develop advanced batteries for use in future vehicles, like the Chevy Volt that has made so much news recently.

And here's the interesting part. This request, which GM, Ford Motor and DaimlerChrysler AG's Chrysler Group say they need in order to keep up with the Japanese car companies in battery technology, is not new. Instead, it was submitted sometime last month. It was a follow-up to the November meeting between executives of the Big Three and President Bush. My question is why haven't we heard about this until now? Was it supposed to be secret? Did no one think it was important to talk about until the Volt made headlines?

For now, a technology advisor to Bush and the Department of Energy is reviewing the proposal. Neither the White House nor the DOE would comment on the story to the WSJ.

An AutoblogGreen reader let us know about this story, and had some good comments:

First of all, Tesla did it with venture capital alone. Second, why should the feds bail them out, just because they missed the bus? And third, if it's so critical for Detroit, then surely they can justify investing heavily in it themselves, right?


Related:
[Source: Wall Stree Journal, thanks to Anon. for the tip!]

UPDATE: Reader's name removed for privacy

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.



Featured Galleries

  • 1 Liter Racing League
  • Suzuki Alto in Global Green Challenge
  • Proterra Electric Bus
  • Local Motors Rally Fighter
  • 1916 Woods Dual Power Model 44 Coupe
  • Audi Avatar
  • Global Green Challenge Tesla Roadster goes 313 miles
  • Meyers Motors NMG
  • Cozmo NEV
  • Tokyo 2009: Suzuki Swift PHEV
  • Tokyo 2009: Suzuki SX4-FCV
  • Honda mobility devices

Categories


Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum