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Ford Gets $5.9 Billion In U.S. Bailout

Los Angeles Times
Ford Motor Co., the only U.S. automaker not receiving emergency federal loans, will get $5.9 billion in government financing to accelerate production of fuel-efficient cars. Ford will be among the first recipients of the loans in a $25 billion Energy Department program to promote production of the vehicles with improved fuel economy, the agency said today in a statement. Nissan Motor Co. will get $1.6 billion, and San Carlos-based Tesla Motors Inc., maker of the all-electric Roadster, received approval for $465 million.
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Posted by Editor at July 18, 2009 06:43 AM