GM on advanced battery development grants awarded to GM as part of the American Recovery and Investment Act of 2009
By admin - Posted on August 9th, 2009
Tagged: American Recovery and Reinvestment Act
• ARRA
• Automotive
• Barack Obama
• Business
• economic crisis
• Economy
• GM
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• Unemployment
Statement of GM President and CEO Fritz Henderson
2009-08-05 -- General Motors Company commends the Administration, Congress and Department of Energy for recognizing advanced batteries as a critical component in our nation's long-term competitiveness and technology leadership. This investment will help deliver domestically-produced and affordable energy sources for American consumers while aiding in the nation's recovery by creating U.S. based manufacturing jobs.
These grants will allow GM to accelerate the deployment of battery pack manufacturing in the U.S. and enable high volume production of the world's first extended range electric vehicle - the Chevy Volt.
GM brings more than a decade of company investment and experience in electric drive vehicles to this project. We appreciate the opportunity to quicken the development of this important work, which will ultimately lead to a reduction in the use of foreign oil and give America a lead in the race to electrify the automobile.
Source: GM
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