Energy Dept lends $8B to Ford, Nissan, Tesla to develop fuel-efficient vehicles, retool plants

DEARBORN, Mich. — Cultivating the next generation of fuel-efficient vehicles, the Obama administration said Tuesday it would lend $5.9 billion to Ford Motor Co. and about $2.1 billion to Nissan Motor Co. and Tesla Motors Inc. in a government-industry partnership to build green cars.

Government to lend Ford, Nissan, Tesla $8B to develop fuel-efficient vehicles, retool plants

DEARBORN, Mich. — The Energy Department said Tuesday it would lend $5.9 billion to Ford Motor Co. and provide about $2.1 billion in loans to Nissan Motor Co. and Tesla Motors Inc., making the three automakers the first beneficiaries of a $25 billion fund to develop fuel-efficient vehicles.

AP source: Government to lend Ford, Nissan, Tesla money to develop fuel-efficient vehicles

WASHINGTON — A congressional official says the Energy Department is lending $5.9 billion to Ford Motor Co. and providing about $2.1 billion in loans to Nissan Motor Co. and Tesla Motors Inc. from a $25 billion fund to develop fuel-efficient vehicles.

AP source: Energy Department to loan money to Ford to develop fuel-efficient vehicles

WASHINGTON — The Energy Department is lending money to the Ford Motor Co. from a $25 billion fund to develop fuel-efficient vehicles, congressional officials said Monday.

Energy Department to loan money to Ford Motor Co. to develop fuel-efficient vehicles

WASHINGTON — The Energy Department is expected to announce that Ford Motor Co. will receive funds from a $25 billion federal loan program to develop fuel-efficient vehicles.