By W. James Antle, III
Last week, General Motors announced that it was suspending production of the Chevy Volt for five weeks. Roughly 1,300 workers will lose their jobs, at least temporarily, during the hiatus. Despite up to $3 billion in taxpayer commitments, the green-friendly hybrid electric car has sold poorly.
Abound Solar, a green start-up competing with Chinese solar panel manufacturers, also disclosed that it would be laying off 180 of its 400 employees. Abound has already burned through about $70 million of a $400 million loan it received from the federal Department of Energy.
A123 Systems, a lithium ion battery maker that has received $249.1 million in grant money from the Deparment of Education, expects to announce the largest quarterly loss in the company's 11-year history. In recent months, A123 has laid off 125 workers in Livonia, Michigan, where former Gov. Jennifer Granholm touted the company as a stimulus "success story."
Read more: http://spectator.org/archives/2012/03/05/green-joblessness
Last week, General Motors announced that it was suspending production of the Chevy Volt for five weeks. Roughly 1,300 workers will lose their jobs, at least temporarily, during the hiatus. Despite up to $3 billion in taxpayer commitments, the green-friendly hybrid electric car has sold poorly.
Abound Solar, a green start-up competing with Chinese solar panel manufacturers, also disclosed that it would be laying off 180 of its 400 employees. Abound has already burned through about $70 million of a $400 million loan it received from the federal Department of Energy.
A123 Systems, a lithium ion battery maker that has received $249.1 million in grant money from the Deparment of Education, expects to announce the largest quarterly loss in the company's 11-year history. In recent months, A123 has laid off 125 workers in Livonia, Michigan, where former Gov. Jennifer Granholm touted the company as a stimulus "success story."
Read more: http://spectator.org/archives/2012/03/05/green-joblessness
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