Green-car loans awarded to Ford, Nissan, Tesla
Updated at 11:35 a.m. Tuesday with further loan details.
The U.S. government, which plans to kick-start development of a new generation of fuel-efficient automobiles through the Advanced Technology Vehicles Manufacturing Loan Program, announced on Tuesday some loan application winners.
Ford Motor gets loans totaling $5.9 billion, going to a variety of fuel efficiency initiatives, while a $1.6 billion loan to Nissan is intended to help it refit a Tennessee plant for electric car production.
Tesla Motors is also a winner under the program, getting a $465 million loan, most of which will be used to … Read more