With the construction of the Ultium Cells LLC battery cell plant in Lansing nearly finished, General Motors announced it will sell back its stake to its joint venture partner LG Energy Solution.
According to a news release, the transaction does not change GM’s ownership interest in the Ultium Cells LLC project, in which GM and LG have invested a total of $7 billion U.S. taxpayer dollars, sourced from a Department of Energy loan program.
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About $13.5 million in taxpayer grants from the Going PRO Talent Fund will help train 8,500 workers across nearly 300 Michigan businesses to earn industry-recognized credentials and strong wages.
“The Going PRO Talent Fund is an investment in our state’s greatest asset – our people – helping them develop the skills they need to advance their careers and ‘make it’ in Michigan,” Gov. Gretchen Whitmer said in a statement. “These grants help us put thousands of Michiganders on paths to good-paying jobs and empower hundreds of Michigan businesses across the state develop the talent they need to compete in the global economy.”
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