Ford, Nissan Among First to Tap Loans for Retooling, Better Place
Release Date: 2009-06-23
The Obama administration is expected to disclose that Ford Motor Co., Tesla Motors Inc. and Nissan Motor Co. will be among the first beneficiaries of a $25 billion loan program created by Congress to help auto makers retool their factories to produce advanced-technology vehicles.
Energy Secretary Steven Chu plans an announcement Tuesday morning in Michigan, according to government officials familiar with the matter. A spokeswoman for Mr. Chu declined to comment late Monday, as did spokesmen for Ford, Tesla and Nissan.
| Type: | NORMAL |
| Company: | Better Place |
| Country: | United States of America |
| Url: | http://online.wsj.com/article/SB124572929790340511.html#mod=testMod |