U.S. to Start Financing Efficient Car Design

After months of uncertainty, the Energy Department is beginning to lend money from a $25 billion loan program to develop fuel-efficient cars. Ford Motor Company, Nissan Motor Company and Tesla Motors are slated to get the first round of loans.

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Publication Date: 
23/06/2009
New York Times (New York)
Tags:
Advanced Vehicle Technology, Hybrid Electric, Zero Emissions Vehicles, Batteries, Auto Industry, Ford Motor, General Motors, China, Japan, United States Of America (US)