Michigan’s Gretchen Whitmer Directs $236 Million to Electric Battery Exec Who Has Already Lost Taxpayers Millions

 Governor Gretchen Whitmer is making a $236 million taxpayer-funded bet on an electric battery executive whose last company lost taxpayers tens of millions of dollars

• Governor Whitmer announced incentives for Our Next Energy, an electric vehicle battery startup that plans to build a factory in the Great Lakes State
• Founder Mujeeb Ijaz has a troubled history with public funding
• A123 lost $269 million during an eight-month period in 2012 alone, losses that were driven in part by the company's production of defective battery cells for Fisker Automotive
• At the time of its bankruptcy, A123 had already accepted $129 million in federal grant money and received a $947,000 grant payment on the same day it filed for bankruptcy
• Whitmer likely hopes her green energy investments will help voters forget those losses
• But the investments could provide political fodder for challenger Tudor Dixon

https://thelibertyloft.com/2022/10/26/michigans-gretchen-whitmer-directs-236-million-to-electric-battery-exec-who-has-already-lost-taxpayers-millions/