
DETROIT, Oct. 16 (UPI) -- Michigan utility DTE Energy said U.S. federal stimulus money targeting the plug-in electrical vehicle sector is an incredible opportunity for the state.
The economic collapse of 2008 wreaked havoc on the automotive-dependent economy in Michigan, contributing to an unemployment rate of 14.7 percent in August.
U.S. President Barack Obama signed the American Recovery and Reinvestment Act of 2009 in February, pumping billions of government funds into the economy to stimulate growth.
Knut Simonsen, senior vice president of DTE Energy Resources, said national leaders and business investors would discuss Michigan opportunities at The Business of Plugging In conference scheduled next week in Detroit.
"With Michigan at a crucial crossroad in preparing for the future, plug-in electric vehicles present an incredible opportunity to address climate change, create jobs and capitalize on the new electric automotive industry," he said.
Jon Lauckner, vice president for General Motors Co. Global Program Management, said alternative fuel sources for the automotive sector could only help with a collaborative effort.
"We can only be successful if we know and listen to each other's issues and challenges and find solutions together," he said.
|
|
|
| Additional Energy Resources Stories | |
VIENNA, Feb. 10 (UPI) --
Oil prices were expected to trend higher as an improved U.S. economy and geopolitical risk in the Middle East weigh on markets, OPEC said.
|
ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
|
For the first time since the condo crash of 2007, Florida median existing condo prices came roaring back 2011, rising by a hefty 5 percent on a quarter-to-quarter basis....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption