US: Government to announce technology loan recipients
The US government plans to disclose that Ford, electric vehicle start-up Tesla Motors and Nissan Motor will be among the beneficiaries of a US$25bn loan programme created by Congress to help automakers retool factories for advanced-technology vehicles, the Wall Street Journal reported.
The US government plans to disclose that Ford, electric vehicle start-up Tesla Motors and Nissan Motor will be among the beneficiaries of a US$25bn loan programme created by Congress to help automakers retool factories for advanced-technology vehicles, the Wall Street Journal reported.
US energy secretary Steven Chu plans an announcement on Tuesday morning (EDT) in Michigan, the paper said, citing government officials familiar with the matter.
A spokeswoman for Chu and spokesmen for Ford, Tesla and Nissan declined to comment to Reuters on the report.
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