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Electric/Hybrid car industry loses power in the face of market reality and lack of consumer demand
This news round up contains a small sampling of recent Climate Depot coverage of Electric/Hybrid vehicle industry. Very few industries have fallen on hard times so quickly despite such massive government funding.
Plant that got $150M in taxpayer money to make Volt batteries furloughs workers — before a single battery has been produced! — ‘Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only 3 weeks per month based on lack of demand for lithium-ion cells. The facility, which was opened in July 2010 with a groundbreaking attended by Obama, has yet to produce a single battery for the Chevrolet Volt, the troubled electric car from GM. The plant’s batteries also were intended to be used in Ford’s electric Focus.’
2012-10-10 06:41:28
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