|
Economy
|
Biden's $1.7 Billion Initiative to Transform Auto Plants into ...
2024-07-11 20:04:10
Automotive
Government
USA

Biden's $1.7 Billion Initiative to Transform Auto Plants into EV Factories

The Biden administration has unveiled a $1.7 billion program aimed at converting 11 struggling or closed auto manufacturing plants in 8 states into facilities for producing electric vehicles. This initiative will not only help in retrofitting the plants for EV production but also generate new job opportunities in the unionized auto industry.

Car manufacturers like General Motors, Fiat Chrysler, and Harley Davidson, as well as suppliers including American Auto Parts, are expected to benefit from this funding, which is set to create around 2,900 new jobs and save 15,000 existing jobs that were at risk.

The grants will play a crucial role in reinvigorating the electric vehicle sector in the U.S. and fostering sustainable manufacturing practices.

The press radar on this topic:

The Verge
11. Juli 2024 um 09:00

Shuttered auto plants will become EV factories thanks to $1.7 billion Biden program

Environment
Economy
Politics
Technology
The Biden administration announced $1.7 billion to convert 11 endangered or shuttered auto manufacturing plants across 8 states into electric vehicle production facilities. The funding will help retrofit these plants to produce a range of EV-related products, from electric motorcycles and school buses to hybrid powertrains and electric SUVs, while retaining and creating new union jobs in the auto sector.
New York Times - Technology
11. Juli 2024 um 23:24

Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles

Environment
Politics
Economy
The Biden administration announced $1.7 billion in federal grants to car and auto parts factories in eight states to produce electric vehicles and other clean energy technology. The funding will allow a Jeep factory in Illinois to reopen and produce electric vehicles, restoring almost 1,450 jobs. Other beneficiaries include factories in Georgia, Michigan, and Pennsylvania that will shift production to electric vehicles and motorcycles. The grants aim to address concerns about job losses as the..
The Street
13. Juli 2024 um 22:44

Automakers set to benefit from Biden's latest EV initiative TheStreet Daily Newsletter

Environment
Economy
Politics
The Biden administration is investing $1.7 billion to help create more hybrid and electric vehicles in the U.S. The funding will be given as grants to convert closed or at-risk manufacturing and assembly locations to make more energy-friendly vehicles. This initiative is predicted to create around 2,900 new jobs and save 15,000 jobs that would have been eliminated. Automakers like General Motors, Fiat Chrysler, and Harley Davidson, as well as suppliers like American Auto Parts, are set to rece..
Inc.com
11. Juli 2024 um 17:41

Electric Vehicle Makers Will Share $1.7 Billion to Boost U.S. Manufacturing

Environment
Economy
Politics
Technology
The Biden administration is awarding $1.7 billion in grants to General Motors, Fiat Chrysler, and other carmakers to boost electric vehicle manufacturing and assembly in eight states, including key battleground states. The grants will help create and retain thousands of union jobs, support auto-based communities, and accelerate the transition to clean energy vehicles.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact