Tuesday, January 13, 2009

Chevy Volt will create new US jobs?

GM announced yesterday that it will assemble its lithium ion batteries for the Chevy Volt in the US--creating new American jobs. They imply that they're doing it out of benevolence, but the fact is, it's cheaper for American companies to produce first-generation technologies in the US than to farm it overseas. That's why sustainable and "green" innovations hold so much promise for our economy. This is yet one more example.