Biden administration giving GM, Stellantis more than $1B to stop plant closures, build EVs

The federal government is providing $1.7 billion in grants to help revitalize 11 shuttered or at-risk auto manufacturing and assembly facilities — including two in Michigan, the White House and Department of Energy said early Thursday.

The grants will go to projects across eight states — Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia. Collectively, according to the Biden administration, the projects could result in the creation of 2,900 new jobs and the retention of 15,000 current ones.

"This investment will create thousands of good-paying, union manufacturing jobs and retain even more — from Lansing, Michigan to Fort Valley, Georgia — by helping auto companies retool, reboot, and rehire in the same factories and communities," President Joe Biden said in a statement.