Big Auto Eyes $2B in Govt Grants to Boost EV Production

The Biden administration is awarding nearly $2B in grants to General Motors (NYSE:GM), Stellantis (NYSE:STLA) and other carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight states.  The Energy Department will issue grants totaling $1.7 billion to create or retain thousands of union jobs and support auto-based communities in the three presidential battleground states of Michigan, Pennsylvania and Georgia as well Ohio, Illinois, Indiana, Maryland, and Virginia.  According…