The Biden Admin is forever taking taxpayer money for big donor corporations. Here we go again. Even if the headlines sound good.
Auto manufacturing and assembly plants across the U.S., including two from Indiana, are slated for significant investments from the U.S. Department of Energy to boost electric vehicle production and enhance the automotive supply chain.
The Biden administration is investing $1.7 billion to help expand electric vehicle production in eight states. pic.twitter.com/vDbRA5XfyE
— TheStreet (@TheStreet) July 11, 2024
Per a recent announcement, the department will allocate $1.7 billion in Domestic Manufacturing Auto Conversion Grants from the Inflation Reduction Act to support 11 auto manufacturing and assembly plants in transitioning to electric vehicle production.
Among the beneficiaries are Cummins in Columbus and the Fiat-Chrysler Automotive plant in Kokomo, both set to receive substantial funds to facilitate their shift to electric vehicle manufacturing.
Cummins is expected to receive $75 million in federal grants, marking the largest federal grant ever awarded to the company. This funding will aid Cummins in decarbonizing its operations, positioning the company as a leader in electrified technologies.
Additionally, Cummins will contribute $75 million in cost-sharing, bringing the total investment to $150 million. This initiative aims to convert the Columbus Engine Plant to manufacture zero-emissions components and electric powertrain systems.
Biden Doe Investing $1.7 Billion To Support Auto Workers And Ev Production. pic.twitter.com/y2gToHGOTO
— Carlos Perez (@CarlosP95095856) July 11, 2024
Officials anticipate this project will create approximately 250 new full-time jobs and provide opportunities for the existing workforce to transition to these roles.
“This project exemplifies Cummins’ commitment to innovation, community well-being, and environmental responsibility,” the release stated, highlighting its significant contribution to both the local community and the broader goals of sustainable transportation.
The Fiat-Chrysler Automotive facility in Kokomo is set to receive nearly $250 million in grants to transform its Indiana Transmission Plant for electric drive module production. This move will enhance e-motor capabilities for electric vehicles.
The transition will involve retaining and upskilling 585 employees. Officials noted that this project will shift the plant’s manufacturing processes from internal combustion engine technologies to electric alternatives.
JUST IN: Biden awards $1.7 billion to boost electric vehicle manufacturing and assembly in eight states: Grants will go to facilities in Ohio, Illinois, Indiana, Michigan, Pennsylvania, Georgia, Maryland and Virginia.
For decades, the U.S. exported jobs and imported products,… pic.twitter.com/9bunIPhjG4
— Bryan Dawson🇺🇸 (@BryanDawsonUSA) July 11, 2024
“The project will support the Kokomo community by offering new job training for employees and additional employment opportunities for diverse contractors,” the release noted. Commitments toward these goals include partnerships with local organizations and investments in community engagement strategies.
Other companies across the U.S. receiving grants include:
- American Autoparts in Toledo, Ohio – $32,617,879
- Blue Bird Body Company in Fort Valley, Georgia – $79,728,146
- Fiat-Chrysler Automotive U.S., LLC in Belvidere, Illinois – $334,763,050
- General Motors, LLC in Lansing, Michigan – $500,000,000
- Harley Davidson, Inc. in York, Pennsylvania
- Volvo Technology of America, LLC in Macungie, Pennsylvania, Dublin, Virginia, and Hagerstown, Maryland – $208,224,054
- ZF North America, Inc. in Marysville, Michigan – $157,714,011
In a statement, President Joe Biden emphasized the dual benefits of building a clean energy economy for union autoworkers and automakers.
“This investment will create thousands of good-paying, union manufacturing jobs and retain even more—from Lansing, Michigan to Fort Valley, Georgia—by helping auto companies retool, reboot, and rehire in the same factories and communities,” Biden stated. “These grants will help ensure the future of the auto industry is made in America by American union workers. I’ll never stop fighting for the American auto industry and American autoworkers.”
I wonder what enterprising young man or woman will not watch closely all of the political contributions of these companies leading up to the election vs Trump.
Major Points:
- The U.S. Department of Energy is investing $1.7 billion in Domestic Manufacturing Auto Conversion Grants to support 11 auto manufacturing and assembly plants in transitioning to electric vehicle production.
- Cummins in Columbus, Indiana, is set to receive $75 million, marking its largest federal grant, to decarbonize operations and position itself as a leader in electrified technologies.
- The Fiat-Chrysler Automotive plant in Kokomo, Indiana, will receive nearly $250 million to convert its Indiana Transmission Plant for electric drive module production, enhancing e-motor capabilities for electric vehicles.
- The Cummins project will create approximately 250 new full-time jobs, while the Kokomo project will retain and upskill 585 employees, supporting the local workforce and community.
- Other grant recipients include major auto manufacturers like General Motors, Fiat-Chrysler Automotive in Illinois, and Volvo Technology of America, with significant investments aimed at boosting the electric vehicle supply chain across the U.S.
Charles William III – Reprinted with permission of Whatfinger News
