Plant that got $150M in taxpayer money to make Volt batteries furloughs workers

[Conservative]

Way to go Obama. Not.

Plant that got $150M in taxpayer money to make Volt batteries furloughs workers | Fox News

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.

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 650,000-square-foot, $300 million facility was slated to produce 15,000 batteries per year, while creating hundreds of new jobs. But to date, only 200 workers are employed at the plant by by the South Korean company. Batteries for the Chevy Volts that have been produced have been made by an LG plant in South Korea.

“Billions of dollars were put into Volt research, and Ford received $5.9 billion in stimulus loans to retrofit plants to produce [electric vehicles]," Chesser said. "The battery companies like LG Chem that were supposed to service them have no customers to speak of. Their existence was solely based on access to taxpayer money.

“Had it been private investors rather than government bureaucrats making the decision, there either would have been a reality check about the industry, or only those who made individual decisions to invest would have lost their money, not taxpayers.”

 

[Sinjorri]

green jobs are taking over people and Obama hasnt giving that away money for free, we are going to get it back. every penny

 

[Charles_Main]

That is despite the Spin, and the Massive government incentives. The Volt is a huge Flop!

 

[bitterlyclingin]

And the company that runs Olive Garden and Red Lobster is experimenting with more part time workers and zero new full time employees in, I believe, three test market areas trying to develope a way around Obamacare. Maybe that's where Hildee Solis came up with those out of nowhere 800,000 new part time jobs last mo.