Tag Archives: manufacturers

Electric cars: A stimulus success story

Depending on your politics, the $800 billion stimulus was a rousing success or a crushing failure. Neither is accurate.

Like most things in the political world, the truth is somewhere in the middle. For a balanced look at what the Recovery Act has done for the economy, check out ProPublica’s “Eye on the Stimulus” series.

The latest report: “How the Stimulus Revived the Electric Car”

“Automakers have unveiled a number of mass-market electric cars, which have seen small but rising sales,” writes author Michael Grabell.  “Battery and parts manufacturers are building 30 factories, creating thousands of new jobs…If it wasn’t for the stimulus, the companies say, they would have built these plants overseas.”

ProPublica is an independent, non-profit newsroom that won Pulitizer Prizes for its reporting in 2010 and 2011.

Strong VW sales good news for East Tennessee economy

 

a302d2ef6a6f5800030f6a706700d741.jpgVolkswagen of America Inc. today reported that 2011 sales were the best in nine years, helped by an strong increase in sales of the Chattanooga-built Passat.

Total VW sales in the Unites States last year were 324,402 units, a 26.3 percent increase from 2010 and the best since 2002, the company announced.

Passat sales soared in 2011 with 22,779 units sold, a 124 percent increase from 2010.

 

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