Empowering the World

US Energy Secretary Chu Announces Finalized $5.9 Billion Loan for Ford Motor Company

Washington, DC – Today, Secretary Steven Chu announced that the Department of Energy has closed on its loan offer of $5.9 billion to Ford Motor Company to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce more fuel efficient models. The loan is part of the Department’s Advanced Technology Vehicles Manufacturing program, which supports the development of innovative, advanced...
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