U.S. Auto Makers Seek Loans To Build Battery Industry

As they push to develop hybrid cars, U.S. auto makers are wary of becoming too dependent on Japan for the batteries to power those cars. (Wall Street Journal)

Last Friday, auto executives including the chief executive of General Motors asked Congress to provide loans to develop an advanced battery industry in the U.S. They are seeking $3.8 billion in guaranteed loans, part of a total $25 billion sought from the government.

Sources:

U.S. Auto Makers Target Battery Gap With Japan (Wall Street Journal)
So Detroit, Where’s Your Business Plan? (EV World)
High Growth Forecasted for the World Automotive Electrical Market (MarketWatch)