Andrew Newton 
ADVERTISEMENT
Most Read on APEsphere
Most Commented on APEsphere
Blogs we like
Resources
GM tries to show willing on eco-friendly investment
Add this link to:
Related Links
Report Abuse:
So that we can keep the site friendly, legal and on-topic, please click the Report Abuse button if this story breaks the APEsphere Code.
Added by
apesphere on 23 Jan 2009
From: www.businessgreen.com
|
| Image courtesy chuckVH via Flickr |
The Obama administration is likely to attach eco-innovation strings to GM baillout funds. GM shows willing with a promised investment in Michigan.
GM is to launch the Chevy Volt plug-in hybrid range next year. The company has announced a $30 million investment to set up a plant to assemble the car's Lithium-ion battery cells manufactured by South Korea's LG Chem.
The investment is modest given the size of the bailout funds, the enormity of the environmental innovation turnaround needed at GM, and in terms of the fact that the investment is not even going towards the development of GM's own environmental technologies but simply the assembly of someone else's.
Hardly electrifying then, but a positive signal.
GM is to launch the Chevy Volt plug-in hybrid range next year. The company has announced a $30 million investment to set up a plant to assemble the car's Lithium-ion battery cells manufactured by South Korea's LG Chem.
The investment is modest given the size of the bailout funds, the enormity of the environmental innovation turnaround needed at GM, and in terms of the fact that the investment is not even going towards the development of GM's own environmental technologies but simply the assembly of someone else's.
Hardly electrifying then, but a positive signal.
Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services
Comments
Add a comment