Battery Innovation to Spur Manufacturing Transformation

President Obama makes significant investment in the advancement of battery technology as a catalyst to transform the country's transportation to electric vehicles and accelerate the transition of the manufacturing base to new products. ...

... "The $2.4 billion is the single largest investment ever in advanced battery technology for hybrid and electric drive vehicles, and coupled with another $2.4 billion in cost share from the award winners, it will result in the creation of tens of thousands of manufacturing jobs that are much needed in places like Elkhart. Places like Elkhart have been hit particularly hard as manufacturing jobs have disappeared, but this new investment provides $39 million for Navistar to create or save hundreds of jobs in Elkhart. " ...

Via The White House: Spurring Innovation, Creating Jobs