Toyota Draws First Blood; Scores DOE Grant
Chrysler, Ford and GM await the President’s signature on the bill authorizing $25b in low-interest federal loans to retool old factories to produce new fuel misers. And then face an uphill political battle to get the U.S. Department of Energy (DOE) to loosen its loan requirements and give them the goddam money. Meanwhile, a Toyota press release reveals that the transplant’s just landed a share of $15m in DOE grants to “speed the adoption of energy-saving building and facility technologies” at ToMoCo’s U.S. dealerships. “Being named part of this program is a tribute to those dealers with the vision and commitment to develop environmentally sensitive buildings in conjunction with Toyota’s Image II Eco design program,” said Toyota Prez Jim Lentz. “We will continue to work with dealers and the DOE to develop energy efficient facilities and guidelines that will benefit the entire industry.” Talk about rubbing it in… And what’s the bet Toyota gets the money before 2010? TTAC’s investigating.