Nissan gets $1.4 billion loan for LEAF

January 28th, 2010 by Bill Cawthon

While Chrysler, GM and Ford got millions for low-emission vehicle development, Nissan North America just got a $1.4 billion loan from the U.S. Department of Energy to modify its Smyrna, Tennessee plant to produce its five-passenger LEAF electric vehicle and the batteries to power it.
Secretary of Energy Steven Chu announced the loan today. The money [...]

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Tags: Department of Energy, electric cars, Nissan. Auto industry, Government loans, electric cars

Bush signs off on automaker loans

October 1st, 2008 by Bill Cawthon

President Bush signed a $630 billion government spending bill on the last day of September. Included in the legislation is the funding for the $25 billion in low-interest loans for the auto industry.
The loan program, to be administered by the Department of Energy, is intended to help car companies retool plants to produce a new generation of [...]

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Tags: Chrysler, Department of Energy, George W. Bush, loans. Auto industry, Chrysler, Factories

Auto loans may be delayed until 2010

September 26th, 2008 by Bill Cawthon

Chrysler, Ford, General Motors, and a number of auto industry suppliers might have to wait a while for the $25 billion in low-cost loans expected to be approved by Congress. Despite languauge added to the bill requiring the Department of Energy to write the rules for the loans within 90 days, the DOE says complying with other [...]

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Tags: Chrysler, Congress, Department of Energy, General Motors, loans. Auto industry, Chrysler

Tag Archive for 'Department of Energy'

Nissan gets $1.4 billion loan for LEAF

Bush signs off on automaker loans

Auto loans may be delayed until 2010

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