Ford, Nissan to receive US technology loans

Newswire

DEARBORN, Mich., June 23 (Reuters) - Ford Motor Co and Japan's Nissan Motor Co Ltd will receive nearly $8 billion combined in U.S. government loans to spur development of fuel efficient vehicles, the U.S. Energy Department said on Tuesday. Ford will receive $5.9 billion to retool factories in Michigan, Ohio, Illinois, Kentucky and Missouri in order to produce 13 models. Nissan's North American unit will receive $1.6 billion to retool its Smyrna, Tennessee, facility to build electric cars ...

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