Sec. Chu Announces the First Auto Loans for Advanced Technologies …



06/23/09

Dearborn, Michigan.

Energy Secretary Steven Chu revealed $8 billion in conditional loan dedications for the advancement of ingenious, sophisticated car innovations that will produce countless green tasks while helping in reducing the countries harmful reliance on foreign oil.

The very first 3 car loans for sophisticated innovations were granted to Ford Motor Company, Nissan Motors and Tesla Motors.