"Just because a ton of money is poured into a product does not mean that people will buy it.”
Plant that got $150M in taxpayer money to make VOLT batteries furloughs workers...
A Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.
LG also received sizeable tax breaks from the local government
Production of the taxpayer-subsidized Volt has been plagued by work stoppages, and the effect has trickled down to companies and plants that build parts for it -- including the batteries.
The 650,000-square-foot, $300 million facility was slated to produce 15,000 batteries per year, while creating hundreds of new jobs. But to date, only 200 workers are employed at the plant by by the South Korean company.
Electric Cars Do Twice the Environmental Damage of Gasoline Cars ...
Electric cars 'pose environmental threat'
Edited by Rogerdodger, 09 October 2012 - 09:54 AM.
