DEARBORN, MI – U.S. Dept. of Energy Secretary Steven Chu delivers Ford Motor Co. $5.9 billion in loans to retool assembly plants for more fuel-efficient vehicles and says money could arrive soon at struggling rivals General Motors Corp. and Chrysler Group LLC, but warns there are no guarantees. “The day Chrysler exited bankruptcy we started discussions with them about the loans,” Chu says at a presentation here inside Ford’s research and development building. “With regard to GM, we have ...
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