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DOE Loans In The Works For GM, Chrysler

by Edward Niedermeyer
(IC: employee)
May 14th, 2010 5:11 PM
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Officials working with the Department of Energy tell the Detroit News that GM and Chrysler face no major obstacles in their quest for huge retooling loans from the DOE’s Advanced Technology Vehicle Manufacturing Loan program. GM is seeking $14.4b and Chrysler has asked for $8.55b in low-cost government loans. Says Matt Rogers, a senior adviser to the Energy Department
Project finance details need to be worked through, but those things are working out just fine as we work directly with the companies. It’s really a process of making sure that each of the projects that they have are in fact competitive.
Er, competitive compared to what?
Published May 14th, 2010 5:11 PM
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Does anybody else find the picture for this post a little disturbing? I'm glad to see it isn't what I thought it was at first glance... No wonder why that Lesko guy is so freakin' happy all of the time...
The end of that ad was just a bit too trippy for me...