That’s right, twenty million dollars in tax credits went from the beleaguered former auto giant state into the hands of a US-French partnership set up to build lithium-ion batteries for Ford.
The twenty million in tax credits will be handed out over the course of three years to Johnson Controls, a subsidiary of Parisian firm Saft Advanced Power Solutions.
But this cash isn’t just going to be lost–Saft et al intend to invest about eleven times that figure in the state and add just under eleven hundred jobs to the sagging state of Michigan by hiring at a plant in Holland.
Electric batteries, folks…seems more and more we’re getting away from the gas car and getting closer to a day without gas. Hopefully, also, we won’t be surrendering a speed anywhere near fifty five miles per hour, either.
Tags: Ford, johnson controls, Paris, saft, us-french partnership