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Washington loans for green cars

economy

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Ford is to get nearly seven billion euros in US government loans to develop more fuel-efficient vehicles.

The money will be used to retool several Ford factories over the next couple of year. Ford is focusing on electric cars as well as improvements to conventional engines. Japan’s Nissan will get almost two billion dollars of government cash to build electric cars in the US and construct an advanced battery manufacturing plant.More about: , ,

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