GM Wins Stimulus Package’s “Battery Sweepstakes”

Today, The Wall Street Journal reports, General Motors was the biggest winner (of 48 winners) of the Obama administration’s electric vehicle (EV) “battery sweepstakes” – a $2.4 billion plan to jump-start U.S. EV battery production. Government-controlled GM, creator of the Chevy Volt, won $240 million in direct grants. These funds will cover GM’s [...]

Source: http://www.TriplePundit.com: GM Wins Stimulus Package’s “Battery Sweepstakes”