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  • Energy Dept. to lend $8B to Ford, Nissan, Tesla

    06/23/2009 8:44:26 AM PDT · by Nachum · 8 replies · 498+ views
    breitbart ^ | 6/23/09 | KIMBERLY S. JOHNSON and KEN THOMAS
    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.