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But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.
Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year autoindustry veteran responsible for the development and production of the GM EV-1.
Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the autoindustry and current recessionary economic conditions. Net loss in 2008 was $43 million, compared to a loss of $51.7 million in 2007. Ener1 total assets are $142 million compared to $31 million in 2007.
A billion dollars of loans and grants directly supporting Tesla, Th!nk, And these days a billion dollars is barely a rounding error in the money going to prop up the American autoindustry. Obama should take extraordinary steps to empower the electric upstarts to prove their mettle. Can I charge my new EV here?
Ricardo, one of the leaders in the development of electric and hybrid vehicles, has welcomed President Obama’s announcement of $2.4billion in grants to accelerate the manufacturing and deployment of the next generation of US batteries and electric vehicles.
If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.
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