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Thanks for making my point.Originally Posted by BBM
Students also work hard to better themselves so why don't they deserve the same breaks as these billionaires? Why is it that you are okay with giving financial breaks to people who are already financially stable, but it's a crime to help out people who may actually be struggling?
Honda and LG Energy Solution to build $4.4 billion EV battery plant in U.S.
- Honda Motor and LG Energy Solution plan to invest $4.4 billion to build a battery plant for electric vehicles in the U.S.
- The facility is expected to begin mass production of advanced lithium-ion battery cells by the end of 2025.
- It’s the latest in a slew of automakers announcing plans to invest in American production of battery cells for electric vehicles.
Honda Motor and LG Energy Solution said Monday they plan to invest $4.4 billion to build a new battery production plant for electric vehicles in the U.S.
The announcement marks the latest plans by automakers to invest in American production of battery cells for electric vehicles, as the industry works to to meet stricter regulations and accelerate production of such zero-emissions cars and trucks. Others have included General Motors, Ford Motor, Rivian Automotive and Hyundai Motor.
Honda and LG Energy said their plant is expected to begin mass production of advanced lithium-ion battery cells by the end of 2025. The facility will be built and operated by a joint venture between the companies, which is expected to be established this year.
Many of the battery plant investments by automakers follow the stricter sourcing guidelines that are part of the United States-Mexico-Canada Agreement (formerly the North American Free Trade Agreement) and, more recently, the Inflation Reduction Act. Both increased requirements for domestically sourced parts and materials for vehicles to avoid tariffs or be eligible for financial incentives.
Honda and LG Energy Solution did not announce a location for the multibillion-dollar plant, but automakers have largely been announcing battery production near their assembly operations. Honda currently has large manufacturing facilities in Ohio, Alabama and Indiana.
The new plant will aim to have an annual production capacity of approximately 40 gigawatt hours,
which is in line with plants announced by other automakers.
Earlier this year, Japan-based Honda said it plans to release 30 electric vehicles globally and produce about 2 million EVs a year by 2030.
Youngsoo Kwon, CEO of LG Energy Solution, called the new plant “another milestone” for the South Korea-based company, which also has joint ventures with GM, Hyundai and Jeep-maker Stellantis.
“Aligned with our longstanding commitment to build products close to the customer, Honda is committed to the local procurement of EV batteries which is a critical component of EVs,” said Honda CEO Toshihiro Mibe in a release.
LG Energy Solution is a spinoff from LG Chem.
... 100s more US jobs!
[QUOTE=copier addict;2201513]Thanks for making my point.
Students also work hard to better themselves so why don't they deserve the same breaks as these billionaires? Why is it that you are okay with giving financial breaks to people who are already financially stable, but it's a crime to help out people who may actually be struggling?[/QUOT
If you notice they call this a loan forgiveness not a tax cut . Let me explain it this way . When a tax cut is giving you are not GETTING MONEY you are paying a smaller percentage of money of your tax rate .In forgiveness you are ripping up a loan in which money has already been GIVEN TO YOU that you willingly signed for to say you will pay it back . A TAX CUT leads to business being able to hire more employees expand there business buying equipment creating more profit for the company to pay more to the employee via salary and bonuses and create increase revenues for stockholders . If Biden was to lower the interest rates on these LOANS i would be all for it but making everyone (including the people that paid there loan off WHO ALSO WERE STRUGGLING) end up footing the bill is just wrong . Alot of those billionaires failed and made bad decisions at one point in there life and almost all will tell you that made them a better and stronger person .
[QUOTE=BBM;2201602]
So, where is your disgust for all the republicans who had their PPP loans forgiven? Come on!! Call them out too. Those freeloaders who had hundreds of thousands if not millions of dollars forgiven. And this was the entire loan including the interest. The student loan forgiveness is only up to $20,000.
You are right that tax breaks for billion dollar companies SHOULD lead to higher wages, but, all they lead to is stock buy backs and executive bonuses. Trickle down theory is bullshit. It has never worked, and it will never work.
302 Moved
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How many people working for Universities here in the US do you personally know? What makes you the expert on how hard college students in the US work? Why don't you just concentrate on what is happening in Canada?
So much for the Republicans rule of Law and support the FBIand law enforcement.
FBI acted on a Legal Search Warrant game over buddy
Do you ever read what you post? You have completely twisted yourself into a pretzel trying to justify financial breaks for the ultra wealthy. Of course college and university students work hard. One would have to be a moron to believe otherwise.
Do 100% work hard? Of course not. Just like trumpy, some of them get things handed to them.
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