Ford Will Receive Billions From The DOE

ford mullaly

The Department of Energy will announce a plan to loan billions of dollars to Ford tomorrow, according to various reports.

Ford is expected to get the money as part of the DOE’s $25 billion program to fund alternative energy auto research.

The Detroit News points out in December, as part of its viability plan, Ford told the Senate it expected to receive $5 billion through the program by 2011.

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