Taken from here
The corpse of a company that made some of the biggest, gas-guzzling vehicles consumers could buy will now be used as a breeding ground for energy-efficient technologies, thanks to a little help from the U.S. government.
Speaking at an old Monaco Coach plant Wednesday, Barack Obama announced that Navistar Inc., which purchased most of the assets of the RV-maker out of bankruptcy, will receive a $39 million grant from the government. If all goes according to plan, the money will transform the graveyard of towable trailers and luxury motor homes into an oasis of battery-powered exploration. (Keeping in mind, of course, that Navistar currently describes itself as “a manufacturer and marketer of medium and heavy trucks and mid-range diesel engines” - albeit one that’s trying to reduce emissions.)
The grant is part of a $2.4 billion program designed to help America ditch its clunkers and manufacture its own hybrid vehicles.
“I don’t want to have to import a hybrid car, I want to build one here,” Obama said, according to the Los Angeles Times. “I want the technologies to be developed here in America.”