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 ...
Bull. 1.7 Billion is going to Ukraine then back to the DNC.
count on it.
Sounds like national socialism to me.
Has anyone told POTATUS that Americans don’t want EVs?
Hey Joe- nobody wants them.Quit wasting our money, it’s not yours. We are not buying into any of your delusional green dreams.
Who is going to stop this madness?
Why in the hell joey giving 1.7 billion yo the auto makers. They can’t upgrade their own plants???
Every patriotic American will be driving an electric Ukie. (compare to the ever popular Yugo)...
November can’t get here fast enough.
Almost 4 years of shitting on blue collar workers, and now a fake gift.
Government again is picking winners and decided losers.
Not to worry.
FJB has no intention of letting them see a penny of it.
By the time they have distributed 10% to the "Big Guy" and the rest of the Biden Crime Family there won't be any left.
Does Congress exist any more in appropriating funds? How is it that JoeyBuydim can just unilaterally declare we are giving X number of dollars to whomever or whatever he likes?
January?
Demand is tumbling for EV’s.
Some buddy is taking that money for a walk.
I thought the businesses were supposed to do that for themselves...without stealing from taxpayers.
Rules only apply to little people and Republicans.
Hey Joe, you’re destroying the environment by strip mining for these G’D lithium batteries... Why don’t you phony M’Fers care about that?
Environmentalism is dead because of what you’re causing, stupid.
Once again the federal government stealing money from taxpayers at gunpoint and spreading it around way outside the bounds and limits set on it by the constitution.
I thought that was what stockholders were for...
Sorry. We don’t care. The dems can’t let go of the notion that government can and should control the economy. We’ll get the EVs rolling down the lines, then we’ll stuff them right down the people’s throats, whether they like it or not. Hey, I got an idea! Why don’t we enact a regulation requiring local governments to stop issuing new gas station permits, and refusing renewal to existing ones!
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