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

09 Oct

By Perry Chiaramonte Published October 08, 2012 

Batteries for the Chevy Volt are being built in LG’s South Korean plant for now (GM)

Low sales have plagued the Chevy Volt. (GM)

 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.

“Had it been private investors rather than government bureaucrats making the decision, there either would have been a reality check about the industry.”

– Paul Chesser, National Legal and Policy Center

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

 

Read more: http://www.foxnews.com/us/2012/10/08/lg-plant-that-got-150m-to-make-volt-batteries-in-michigan-puts-workers-on/#ixzz28pfakVD2

 

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