Trump’s DOE proposes cutting billions in grants for GM, Ford, and lots of startups

Core Points - The Department of Energy is proposing significant cuts to federal funding, which could impact various startups and major automakers like Ford, General Motors, and Stellantis [1][2] - The proposed cuts include the cancellation of over $500 million in contracts awarded to more than a dozen startups, in addition to previous cuts of more than $7.5 billion announced by the Trump administration [2][3] Impact on Startups - Startups are expected to face substantial losses, with some awards being critical to their operations. The proposed cuts include new awards that have not been publicly announced yet [5] - Notable startups affected include Brimstone, which was granted $189 million to build a plant for low-carbon materials, and Anovion, which aimed to produce synthetic graphite for lithium-ion batteries [6] Impact on Automakers - General Motors stands to lose at least $500 million from a federal grant intended for retooling its Lansing Grand River Assembly Plant for electrified vehicle production [4] - Other automakers, including Daimler Trucks North America, Harley-Davidson, and Volvo Technology of America, are also slated to lose grants worth hundreds of millions [3] Specific Grants Affected - Li Industries received $55.2 million for recycling LFP batteries, while Sublime Systems was awarded $86.9 million for an ultra-low-carbon cement plant. Both are at risk of losing their funding [7]