Tag: Red China

A Michigan-based company slated to produce lithium-ion polymer batteries for electric vehicles has instead kept production overseas, has failed to meet job targets outlined in a $150 million grant from the federal government, and has been reimbursed by the government for $842,000 in wasted work time, according to a U.S. Department of Energy Special Report released Wednesday.

The DOE says Holland, Mich.-based LG Chem Michigan misused part of a $150 million in American Recovery and Reinvestment Act funds and has decided not to shift production from its plant in South Korea to Michigan. It painted a stark picture of wasted U.S. federal dollars.

"Until the shift in production takes place or some alternative use for the plant is developed, U.S. taxpayers will receive little direct benefit from a plant for which they provided up to half of the funding," the report said.

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The DEQ recently was recognized by an International environmental group for its pollution prevention efforts.

The department was a 2012 North America Gold winner of the International Green Apple Award for Environmental Best Practices by The Green Organisation, an independent, non-political, non-profit organization that recognizes, rewards, and promotes environmental best practices around the world.

How do you like them apples?  Nothing like the cost savings associated with keeping the incredibly expensive global green hoax alive with such not-ready-for-primetime ideals that are rewarding subsidy to foreign nations, or are being bought by Communists for pennies on the US taxpayer Dollar.

Struggling battery maker A123 Systems Inc. - with nearly 800 employees in Michigan - said it reached a deal with a Chinese auto parts company for an investment of up to $450 million that could keep the company in business - and will likely see the Chinese firm acquire a majority stake in the battery maker.

Waltham, Mass.-based A123 reached a deal with Wanxiang Group Corp. that will allow the Chinese firm to acquire an 80 percent stake in A123.

A123 has won about $500 million in grants and other support from state and federal governments - including $238 million from the state of Michigan and a $249 million Energy Department grant as in August 2009 as part of the $800 billion stimulus.

A123 in April received a two-year extension on its deadline to spend the rest of the $249 million grant.

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Frilliant!  Good thing them A123 Execs got their cut for failure first.  And, thanks, Lansing!  What DC doesn't steal for China, you do.