DETROIT, Oct 22 (Reuters) - U.S. Energy Secretary
Jennifer Granholm said Tuesday the department is working "as
fast as we can" to finalize $1.7 billion in grants to fund the
conversion of plants to build electric vehicles and components.
"We are working as fast as we can to finalize as much as we
can -- to get the commitments in contract with all of those who
have been selected," Granholm said in an interview on the
sidelines of a Reuters Next conference. "We have a few months to
make sure that we're doing that."
DOE announced plans in July to award General Motors ( GM )
$500 million and Chrysler-parent Stellantis ( STLA ) nearly $600 million
in grants to convert existing plants to build electric vehicles
and components.