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United States : GM White Marsh plant to get US funds.


Byline: manish Manish is a common Indian name, derived from a Sanskrit word - "manishi" meaning "A scholar or an intellectual"

Contrary to the popular belief , the name "Manish" is not composed of two words "man"(mana) which means Mind and "ish" which means God.
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The General Motors transmission plant in White Marsh was one of several plants chosen by the federal government Wednesday Wednesday: see week.  to receive part of $2.4 billion in stimulus stimulus /stim·u·lus/ (stim´u-lus) pl. stim´uli   [L.] any agent, act, or influence which produces functional or trophic reaction in a receptor or an irritable tissue.  grants to be used to develop batteries and other parts for electric cars.

The plant, along with a GM plant in Wixom, Mich., will share in $105 million to develop a rear-wheel-drive electric system.

The grants, which will fund 48 projects, come from the $800 billion economic stimulus bill Congress passed earlier this year to help create jobs and move the country out of the recession.

The investment in electric cars furthers the Obama administration's environmental goals, which include making the country less dependent on oil and promoting the use of more fuel-efficient fu·el-ef·fi·cient
adj.
Operable using comparatively little fuel: fuel-efficient cars.



fu
 cars. The stimulus bill includes billions of dollars in "clean energy projects."

It is not clear what impact the grants will have on job creation and other factors at the White Marsh plant, but they could provide some stability amid GM's layoffs and plant closings.

President Barack Obama and his Cabinet members fanned out across the country to cities that would receive the stimulus - Charlotte, N.C., St. Petersburg Petersburg, city (1990 pop. 38,386), politically independent and in no county, SE Va., on the Appomattox River; inc. 1850. A port of entry and an important tobacco market, it has industries producing chemicals, pharmaceuticals, furniture, structural steel, lumber, , Fla., and Elkhart, Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. . - to announce the grants.

The grants, which require a match in spending from the companies, are expected to create "tens of thousands of jobs," Obama said in announcing the project at Navistar International Navistar International Corporation (Pink Sheets: NAVZ) (formerly International Harvester Company) is a manufacturer of International brand commercial trucks, MaxxForce brand diesel engines, IC Corporation brand school buses, Workhorse brand chassis for motor homes and step vans,  Corp. in Indiana Indiana, state, United States
Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W).
. Navistar will receive $39 million to manufacture hybrid trucks.

"For the first time in history, we passed a bill to create a system of clean-energy incentives which will help make renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation.  the profitable kind of energy in America, while helping to end our dependence on foreign oil and protect our planet for future generations," Obama said. The administration said the investment is the largest ever made in advanced battery technology for hybrid and electric vehicles.

Most of the money, $1.5 billion, will go toward the production of advanced batteries that could allow electric cars to drive longer distances. Another $500 million pays for creating electric drive components.The remaining $400 million would purchase and support thousands of plug-in hybrids and electric cars to be tested, as well as to provide work force training and education. Several universities were also awarded grant money.

GM executives said Wednesday that they did not have specific details about the impact the grant would have on the White Marsh plant and if it would mean the creation of new jobs. They also didn't know how the $105 million would be divvied up between White Marsh and Wixom. The company applied to the Department of Energy for the grant in April and got confirmation it was chosen Wednesday morning.

"We are very happy about today's announcement," John Raut, a spokesman for the White Marsh plant, said in a statement. "The company is currently studying its options and will have more to announce in the near future."

The grant could

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Publication:TendersInfo
Date:Aug 6, 2009
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