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First Three Conditional Loan Commitments Under DOEs ATVM Program go to Ford Motor Company, Nissan Motors and Tesla Motors

Green Car Congress

The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, will provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels. Nissan will receive $1.6

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Nippon Steel Set to Buy U.S. Steel, Union Dismayed

The Truth About Cars

However, the United Steel Workers don’t seem pleased with the arrangement and were said to have backed an earlier offer from domestic rival Cleveland-Cliffs Inc. Steel’s stock valuation spiked dramatically in 2005 only to absolutely collapse in 2008 during the Great Recession. Nippon Steel is reportedly offering a deal worth $14.9

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