“Originally created by Congress in 2007, the Advanced Technology Vehicle Manufacturing Program provided low-cost government loans that were subsidized, guaranteed, and then in part eaten, as we now know, by hapless and strung-out American taxpayers. Ford was the top beneficiary. While bragging vociferously that it hadn’t been bailed out by the government, as opposed to GM and Chrysler, it received a $5.9 billion loan under that program ostensibly to retool its plants and start producing electric vehicles. Nissan got $1.4 billion to build its plug-in EV, the Leaf. Tesla got $465 million. It is building a few, very expensive plug-in EVs a day. Others weren’t so ‘successful.'”
Related posts:
Flytenow Shuts Down After Court Rules Against Flightsharing Startups
‘Anti-Soviet Warrior Puts His Army on the Road to Peace’
Julian Assange: The Modern State Is Acting Like A Mongol Horde
Ex-Senator: FBI hindered 9/11 inquiry, withheld reports about Sarasota Saudis
A Paradigm Shift in Latin American Stocks
Air Force erases drone strike data amid criticisms
Mirror, Mirror, on the Wall, Which States Provide the Most Handouts of All?
Five Scientific Conclusions About Cannabis That The Mainstream Media Doesn’t Want You To Know
Sweden’s War on Cash Runs Into a Wall–and a Heroic Bank
"Officer of the Month" Admits to Planting Drug Evidence
When America Switched Sides In The War On Terror
American threats against innocent expats are increasing
California, New York and DC look to ban 3D-printed guns
Berkeley’s new soda tax panel begins allocating seized funds
Supreme Court passes on NSA bulk phone surveillance case