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Auto research and development funding urged

Michigan Gov. Jennifer Granholm says the U.S. federal government needs to invest more in research and development for auto-related alternative energy technologies such as the batteries for electric cars.

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EAST LANSING, Mich. – Michigan Gov. Jennifer Granholm says the U.S. federal government needs to invest more in research and development for auto-related alternative energy technologies such as the batteries for electric cars.

Granholm discussed the need Tuesday morning from East Lansing on CNBC’s Squawk Box and MSNBC’s Morning Joe as the third day of press previews began at the North American International Auto Show in Detroit.

Granholm says it will help the U.S. industry “compete in a global economy.” She says tax credits for people who buy electric cars also would help.

South Korea’s LG Chem Ltd. on Monday was named as the lithium-ion battery supplier for General Motors Corp.’s Chevrolet Volt. Granholm says LG has benefited from its government’s commitment to research.

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