Word: michigan
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...might seem that the worst would be over in states hard-hit by the housing bubble. "Intuitively, you would think there might be some leveling off in these states, but that is not the case. In addition, there were large increases in bankruptcy filings in the Midwest, especially Michigan and Illinois...
...founded at MIT in 2001 with a $100,000 Department of Energy grant. One of its early products was lithium-ion batteries for power-tool maker Black & Decker. Last year, A123 Systems got a $249 million federal grant to open at least three lithium-ion-battery plants in Michigan that will employ hundreds of workers. Michigan is home to or close to many of the plants where electric vehicles are being made, of course, and the state has a surplus of skilled workers. It's not, ahem, a bad choice politically either. (See the 50 worst cars of all time...
Sakti3 is another company trying to create a breakthrough. The company was launched a few years ago at the University of Michigan by an ambitious young engineering professor, Ann Marie Sastry. Sakti3 is developing solid-state (as opposed to liquid) lithium-ion batteries that Sastry believes will enable cars to travel twice as far as batteries do now, allowing the cars to be used the way internal-combustion-engine-driven vehicles are. Her firm is developing prototypes to deliver to automakers later this year. Sastry's 20-employee firm, based in Ann Arbor, has generated millions of dollars in government...
...pretty encouraged by our results. Our incentive spend is down significantly from last year," says Susan Docherty, GM's vice president of marketing, who points out that GM inventories have been cut by half and third shifts have been added at plants in Michigan, Kansas and Ontario to increase production. (See 10 milestones on the road to GM's bankruptcy...
...federal government, or participants in the "new world order" - the perpetual bête noire of the American militia movement. The group had apparently planned to execute its uprising in April. "We couldn't let that exercise go forward," said Barbara McQuade, the top U.S. attorney in eastern Michigan. (See more about the Hutaree - a new name in American paranoia...