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Article: Regions: Americas - From a spark to a flame.
- Article from:
- Foreign Direct Investment
- Article date:
- August 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lillie Guyer
Can electric vehicles save Detroit's decimated auto industry and by extension the US economy? That is the question on the minds of a shaken automotive community and states that have relied on a car culture to fuel their economic engines.
That culture revolves around car companies, suppliers, auto dealers and varied spin-offs, accounting for nearly 7% of total US employment. Advanced technology in a green America is a central part of president Barack Obama's economic revitalisation plan for an ailing US and global economy. By the spring, the Obama administration had loosened the spigot by pouring federal money into advanced battery ...
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