GM, Chrysler blocked from Energy Department loans; Ford seeking $11 billion

Apr 08, 2009 0 Replies

General Motors and Chrysler have been blocked from receiving a share of the $25 billion loan program set up by the Department of Energy to provide a low-interest loans for alternative energy vehicle development. Meanwhile, Ford is said to be seeking $11 billion from the program. Under the legislation that authorized the program, only "financially [...] Read More:

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