http://www.bloomberg.com/apps/news?p...FDg&refer=home
The loans were authorized in last year's energy bill, and rules to free up the funding are supposed to be written within a year of its December passage, Representative John Dingell said yesterday in a letter to U.S. Department of Energy Secretary Samuel Bodman.
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Detroit 3 ask up to $40 billion in loans
http://www.freep.com/apps/pbcs.dll/a...014/BUSINESS01
Detroit's three automakers are urging Congress to make as much as $35 billion to $40 billion in low-cost loans available during the next two to three years to assure that the companies survive long enough to retool and build a new generation of fuel-efficient vehicles.