On October 23, 2009
Solar Won’t Revive the Auto Industry Anytime Soon
It’s a heartwarming story: A solar manufacturer needs metal and glass work done. An auto parts manufacturer, preparing to lay off thousands of workers, hears about it and bids on the work. A few months later, the factory is running at full tilt, but instead of CO2-producing automobiles it’s pumping out CO2-saving solar equipment. Solar panels can’t be made in this way; they’re more akin to computer chips than cars. But as alternate forms of solar power that use expanses of metal and mirrors to catch the rays become popular, more old auto plants and solar companies are getting in on the action. Skyline Solar is the latest, with a deal for Cosma, a subsidiary of auto parts giant Magna…
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