article thumbnail

DOE Inspector General review finds automotive Li-ion battery maker LG Chem Michigan misused Recovery Act funds; DOE management, low market demand contributory

Green Car Congress

Project documentation prepared to support the grant award indicated that production of battery cells would transition from LG Chem’s South Korean facility to the Michigan plant beginning in 2012, assuming that demand grew as expected. LG Chem Michigan), formerly Compact Power, Inc., Funding background.

Michigan 225
article thumbnail

President Obama Outlines Vision and Plan for US High-Speed Passenger Rail System; $13B to Start

Green Car Congress

A future HSR/IPR (high-speed rail/intercity passenger rail) network using new diesel or electric power can further enhance rail’s advantages. According to a 2006 study cited by the Administration, implementation of pending plans for the federally designated HSR corridors could result in an annual reduction of 6 billion pounds of CO 2 (2.7

Obama 220