US closes $1.4 bln electric car loan with Nissan

Newswire

WASHINGTON, Jan 28 (Reuters) - The U.S. Energy Department said on Thursday it closed its $1.4 billon loan agreement with Nissan that will help retool the company's factory in Tennessee to build up to 150,000 all-electric automobiles a year and the battery packs to power them. "This is an investment in our clean energy future. It will bring the United States closer to reducing our dependence on foreign oil and help lower carbon pollution," said Energy Secretary Steven Chu. "We are committed ...

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