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Biden Praises Resurgence of Detroit Automakers

Vice President tours show floor after speech at auto show.

by on Jan.16, 2014

GM CEO Mary Barra shows Vice President Joe Biden the 2015 Chevrolet Corvette Z06 at the North American International Auto Show in Detroit.

Joe Biden heralded the U.S. auto industry’s recent success as the pay off on a bet made by two presidential administrations during a speech at the North American International Auto Show in Detroit.

“We bet on American ingenuity, we bet on you and we won,” Biden said. “How could we possibly walk away from the iconic industry of America?”

Your Auto Show Source!

During the speech Biden noted that by the collective actions of the Obama Administration, automakers and their workers saved the industry that accounts for more than 4% of the company’s gross domestic product. Biden lauded the makers for their vehicles. (more…)

Biden to Announce Battery Grants

Veep visit to Detroit comes as oil prices soar again.

by on Aug.05, 2009

While Vice President Joe Biden will discuss the economy during his Detroit visit, he's also expected to announce the first in what could be billions of dollars the federal government plans to invest in the development of an advanced battery development infrastructure.

While Vice President Biden will discuss the economy during his Detroit visit, he's also expected to announce the first in what could be billions of dollars the government plans to invest in an advanced battery development infrastructure.

Vice President Joe Biden will be taking a trip to Detroit, on Wednesday, where he’s expected to not only address issues of the economy and the struggling U.S. auto industry, but also to announce the first federal grants aimed at spurring the development of the nation’s nascent advanced battery industry.

Earlier this year, President Barack Obama announced plans to invest $2.4 billion to promote both the development of battery technology and the facilities to produce them, here in the U.S.  He noted that it was critical to stop ceding dominance in the field to other nations — notably Japan and China, which are considered furthest along in the development of lithium-ion technology.

Charge Up!

Charge Up!

Biden’s appearance at the quasi-private NextEnergy Center, a high-tech incubator, will come at an appropriate moment. After plunging to less than a quarter of last year’s peak, this past spring, oil prices have been steadily on the rise again, in recent weeks.  On Tuesday, bidding pushed petroleum up about $70 a barrel, again.  Though still barely half last year’s record, industry reports suggest the numbers could top $80 in the coming weeks.

(more…)