Nissan wants piece of Energy Department pie

By Geert De Lombaerde Posted on February 9, 2009 at 7:47 am

The car maker has applied for a low-cost loan to build more energy-efficient cars. The cash would likely go to retrofit Nissan’s Smyrna plant, but not everyone thinks the company should even be eligible.

“A great deal of this money will be misappropriated to recipients that do not deserve it,” said Alan Tonelson, a research fellow at the U.S. Business & Industry Council, a Washington-based trade group. “The Nissan application and its possibility of receiving these funds points to weaknesses in the way this legislation was written.”

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Tags: automotive industry, energy, government stimulus, manufacturing, Nissan Motor Co., U.S. Department of Energy  

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