By Dustin Walsh
Crains Detroit Business
The White House announced this week $14.2 million in grants to aid automakers in advancements in lightweight materials.
The U.S. Department of Energy funding will support advancements in light weight carbon fiber composites and advanced steels and alloys used in auto manufacturing.
Ron Krupitzer, vice president of automotive applications for steel advocacy group Steel Market Development Institutein Southfield, said the announcement is encouraging for steelmakers as federal funding for advanced high-strength steels ended last year.