Thursday, May 10, 2012

U.S. to loan $8B to Ford, Nissan, Tesla - Business Courier of Cincinnati:

ejyceh.wordpress.com
(NYSE: F) will get $5.9 billiomn to transform factories across the country to makemore fuel-efficient Nissan Motor Co. got $1.6 billion to retool its factoryin Smyrna, Tenn. of San Carlos, Calif., got $465 million to manufacture electric Ford is the only one of the three automakerzs with a localpresence – it operates a transmission plant in Sharonville. "By supportinf key technologies and soundbusiness plans, we can jump-staryt the production of fuel-efficient vehiclea in America,” said Energy Secretary Steven Chu, in a “These investments will come back to our country many times over by creating new reducing our dependence on oil, and reduciny our greenhouse gas emissions.
” The Advance d Vehicle Technology Program is part of the $789 billion economixc stimulus package the federal government passe in January.

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