In what’s unfortunately become routine, GM joined other corporations receiving taxpayer bailout money in continuing to make bad decisions. With the U.S. economy in the tank, their own industry on the edge of collapse and growing populist anger, do you think GM chose an American company to develop the batteries for their over-heralded Volt? Of course not – GM chose a foreign battery maker. Some portion of the money GM has received to save its ass is being sent to the Korean battery manufacturer LG Chem Ltd instead of batteries being developed by GM and A123 Systems. Simply amazing.
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