Ford gets $6 billion loan for green vehicles
30 Jun 2009

The United States Energy Department will lend $5.9 billion to Ford and $2.1 billion to Nissan and Tesla, making the three automakers the first beneficiaries of a $25 billion fund to develop fuel-efficient vehicles.
The loans are designed to help the car makers meet new fuel-efficiency standards of at least 35 mpg by 2020, a 40 per cent increase over current standards.
... login or subscribe for full story