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When the Obama administration announced $2.4 billion in matching grants Wednesday to charge up the nascent U.S. electric vehicle industry, Johnson Controls Inc. (NYSE:JCI), the big auto parts company, got the single largest grant, worth $299 million. The Deal Pipeline has the story (subscription required). All told the government made...
Posted on August 7, 2009 10:00 AM
In January, A123Systems Inc. lost out to a Seoul competitor in the race to get a General Motors Corp. (NYSE:GM) contract to supply lithium-ion batteries for electric cars at a new Michigan plant. So, the eight-year-old Watertown, Mass., company just turned to another U.S. auto giant -- Chrysler LLC.On Monday,...
Posted on April 6, 2009 1:12 PM
In an earlier post, I looked at a new battery-manufacturing consortium that's likely to get a $1 billion boost from the Department of Energy. Incoming Energy Secretary Steven Chu, I noted, champions the idea of government investment in alt energy development. So, what other routes might such investment take after...
Posted on December 18, 2008 3:25 PM
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