U.S. to move quickly on further auto loans

Newswire

DEARBORN, Mich., June 23 (Reuters) - The U.S. government will move quickly to approve loans to more automakers after its decision to extend $8 billion in low-cost loans to Ford Motor Co , Nissan Motor Co and Tesla Motors, the U.S. Energy Department said on Tuesday. Energy Secretary Steven Chu said the administration had begun talks with Chrysler immediately after the reorganized automaker was sold out of bankruptcy and was having "technical" discussions with GM, which is still operating in ...

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