Auto Industry, Fuel-efficient | featured news

(Image from article: "Ford, Nissan to Tap Federal Loans")

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GM drops U.S. loan application after turnaround

General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles.

Feds lend Tesla $465M for electric car

The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it.

Ford, Nissan to Tap Federal Loans

The government is poised to disclose that Ford, Tesla and Nissan will be among the first beneficiaries of a $25 billion loan program to help develop fuel-efficient vehicles.

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