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Obama Administration Awards First Three Auto Loans for Advanced Technologies to Ford Motor Company, Nissan Motors and Tesla Motors

Washington, DC – Today, the Obama Administration announced $8 billion in conditional loan commitments for the development of innovative, advanced vehicle technologies that will create thousands of green jobs while helping reduce the nation’s dangerous dependence on foreign oil. The loan commitments announced today by the President include $5.9 billion for Ford Motor Company to [...]

Electric

Ireland and Renault-Nissan Sign Agreement to Develop Electric Vehicles

Ireland’s Energy Minister Eamon Ryan recently announced a major move in the electrification Irish motoring. The Memoranda of Understanding (signed by Minister Ryan on behalf of the Government) and by Padraig McManus (for ESB) will create favourable conditions for the distribution of electric vehicles to the Irish market by Renault-Nissan.
In a hugely significant and new collaboration [...]