A123 Systems layoffs highlight challenges for Michigan’s budding battery industry
The chief executive of A123 Systems Inc. — one of Michigan’s most celebrated alternative energy companies and a major recipient of federal economic stimulus dollars and state incentives — conceded that a shakeout is coming for the U.S. battery industry.
How Michigan’s emerging battery industry will fare during that process — and whether manufacturers will add the thousands of jobs they promised to create in exchange for government cash and tax incentives — is unclear.
Less than two weeks after Massachusetts-based A123 laid off 125 workers at its Michigan battery plants, A123 CEO David Vieau agreed that some of the early entrants into the lithium-ion battery race eventually will lose.
When will there be “enough” proof for the government aficianado’s to realize that this crap doesn’t work? Answer, NEVER. Too blinded by their ideology.0 views