Nissan and Tesla are both well on the way to receive loans from the federal government to support their electric car manufacturing plans. Nissan applied for a loan to upgrade its Smyrna, Tennessee plant to assemble electric cars and build a new facility for battery production, according to an Automotive News report appearing in Autobloggreen.
Yahoo Finance reports that Tesla is expecting a $350 million DOE loan to set up a factory to build their as yet unseen Model S 4-door sedan. The big reveal is scheduled for March 26.
Wednesday, February 11, 2009
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