Posted on 07/11/2024 7:57:22 PM PDT by E. Pluribus Unum
The federal government is spending $1.7 billion to modernize automobile manufacturing facilities, helping the industry compete with foreign subsidies and create and protect jobs.
As part of the Automotive Community Benefits Plan, the current administration will extend grants to 11 selected manufacturing plants in eight states, including in Georgia, Michigan, and Pennsylvania, that have temporarily closed or were at risk of closing.
Federal funding, which will come from the Inflation Reduction Act, will be dedicated to retrofitting factories, installing equipment, and bolstering annual production.
Grant capital will also allow these at-risk facilities to convert to manufacturing electric vehicles and related components and a broad range of new-generation cars, such as fuel cell vehicles, hybrid cars, and high-growth vehicle drive trains.
Recipients of grant funding include some of the biggest names in the automotive industry, such as Fiat-Chrysler ($584 million), General Motors ($500 million), Harley Davidson ($89 million), and Volvo ($208.2 million).
These efforts are expected to save 15,000 jobs and create nearly 3,000 new positions, most of which are union jobs, in historic automotive communities.
(Excerpt) Read more at theepochtimes.com ...
Central Planning Always Works, Always.
Keep chanting that alongside “Work will make us free”.
They will drive EVs and enjoy them whether they like it or not.
So now my question is that due to the EV boom that caused many who wanted them to buy them at about the same time, what happens when the battery packs start dying en mass. Federal bailout?
For some reason the “word” bidendoggle popped into my head.
Those are gonna be short term jobs. Especially if Trump puts a stop to senseless spending on things that are doomed.
How long until we get rid of this feckless P.O.S.? FJB, seriously.
Will the strings make it worthwhile?
What a great week to not own an electric vehicle in Houston.
I don’t want any of my
government to tell me
ever again how my SS is
under threat of collapse.
Billions wasted that could
benifit our seniors and
veterans. It’s a blantant
in your face insult.
If it made economic sense then the car companies would be doing it themselves.
Biden’s a big government kinda guy.
Vote buying at it’s finest.
This is fascism for those that went to public schools and think my redneck ass is a fascist.
1.7 billion???
That won’t even cover the pollution controls on 1 paint shop.....
Must be an election coming up the sky is filled with my cash😜
1.7 billion for plants that will require 1/100th the workforce that the same plants required before the upfit. The good news is that UAW will allow all new robots to become UAW members!
Meanwhile, Stellantis is in the process of eliminating Chrysler as an auto manufacturing company.
Some believe that Jeep will be retained but with engineering moved to Milan and manufacturing moved to Mexico safely away from the treachery of the UAW
Georgia, Michigan, and Pennsylvania - what a coinkydink!
“You can kiss that $1.7 billion goodbye.”
That’s our tax money being kissed goodbye. Subsidizing electric vehicles is a greenie-propelled bad idea.
Tariffs on imported EVs is a better idea.
The best idea is for America to just make what we need at prices competitive with the 3rd world makers. Are we achieving that now by bringing in 3rd world workers?
But do that beyond a certain point and we aren’t America anymore.
Maybe that’s our destiny.
Last gasps of the Green Electric scam—the last big payoff before it all comes crashing down.
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