"Ford, Nissan, Tesla expected to get US loans; Program is for fuel-efficient cars" by Ken Thomas, Associated Press | June 23, 2009
WASHINGTON - The Energy Department is lending money to Ford Motor Co. and two other automakers from a $25 billion fund to develop fuel-efficient vehicles, congressional officials said yesterday.
Related: Rockefeller, Ford and the Secret History of Alcohol
Energy Secretary Steven Chu was scheduled to announce the loan funding for Ford, Nissan Motor Co., and Tesla Motors Inc. today in Dearborn, Mich., the officials said. They requested anonymity because an official announcement was pending.
Dozens of auto companies, suppliers, and battery makers have sought a total of $38 billion from the loan program....
General Motors has requested $10.3 billion in loans from the program, while Chrysler has asked for $6 billion in loans....
Related: GM's $30 BILLION Dollar Getaway
Make it 40, 'eh?
Ford has sought a total of $11 billion from the loan program....
After they touted how they weren't taking bailout money.
Not going to help:
“There are too many cars and not enough consumers.’’
Where is YOUR LOAN PROGRAM, American?
