DOE Lends $1.5 Million to Nissan North America
for Production of All-Electric Vehicle
January 29, 2010
Department of Energy has closed on a loan to Nissan North America
for $1.5 million for use in re-tooling a Tennessee factory to produce
the company's all-electric LEAF Vehicle. The loan was announced
during a press conference held by Secretary of Energy Dr. Steven
Chu at the Washington Auto Show yesterday.
"We have to bring manufacturing back [to the United States],"
Chu said. He noted that the factory will create 1,300 jobs, but
also will lay a foundation for the future.
"We think this is a good way to create jobs immediately, but
also lay a foundation to decrease our dependence on foreign oil,"
he added. "We want to drive toward higher energy efficiency."
Electric (and green) vehicles were a hot topic at the Washington
Auto Show, and this year's event featured a large section called
"The Advanced Technology Superhighway," from which Chu
made the Nissan announcement.
Stay tuned to www.glassBYTEs.com for an in-depth look at the
event, and watch our upcoming February newscast for exclusive video
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