Obama Subsidized Green Battery Maker Goes Under
Without selling a single one of its batteries.
President Obama touted it in 2010 as evidence "manufacturing jobs are
coming back to the United States,” but two years later, a Michigan
hybrid battery plant built with $150 million in taxpayer funds is
putting workers on furlough 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 three 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 General Motors. The plant's
batteries also were intended to be used in Ford's electric Focus.
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