Dingell Wants to Give $25 Billion in Plant Aid to GM, Ford

SYNOPSIS: Government loans would be used to convert factories to build alternative-fuel vehicles. DETROIT -- General Motors Corp., Ford Motor Co. and Chrysler LLC should have access by January to $25 billion in government loans to convert factories to build alternative-fuel vehicles, a Michigan lawmaker told U.S. regulators. The loans were authorized in last year's energy bill, and rules to free up the funding are supposed to be written within a year of its December passage, Representative John Dingell said yesterday in a letter to U.S. Department of Energy Secretary Samuel Bodman. Report Abuses to EV World's Editor Fair Use Notice This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance... [read full story]