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big three battery subsidy


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 ... Read more →

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