Mexican Media Brands
Obama Proposes Advanced-Vehicle Fund
In last night's State of the Union speech, President Barack Obama proposed an Energy Security Trust to support R&D for vehicles that run on biofuels, electricity or natural gas.
#labor
Share
In last night's State of the Union speech, President Barack Obama proposed an Energy Security Trust to support R&D for vehicles that run on biofuels, electricity or natural gas.
He provided few details but said revenue from oil and gas drilling would fund the trust. He said one project might be to study materials that could boost the power of batteries used in electric vehicles and hybrids.
It isn't clear if the proposed program would replace the one financed by the Dept. of Energy, which has been criticized for bankrolling startup companies that later failed.
RELATED CONTENT
-
UAW to Continue GM Strike Pending Contract Ratification
The United Auto Workers union will continue its walkout at General Motors Co. pending ratification of a new four-year labor agreement by union members next week.
-
VW Workers Again Reject UAW at Tennessee Plant
Hourly workers at Volkswagen AG’s assembly plant in Chattanooga, Tenn., have again voted against having the United Auto Workers union represent them.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.