Skip to comments.Energy Dept. to lend $8B to Ford, Nissan, Tesla
Posted on 06/23/2009 8:44:26 AM PDT by Nachum
The Energy Department said Tuesday it would lend $5.9 billion to Ford Motor Co. and provide about $2.1 billion in loans to Nissan Motor Co. and Tesla Motors Inc., making the three automakers the first beneficiaries of a $25 billion fund to develop fuel-efficient vehicles.
(Excerpt) Read more at breitbart.com ...
The list, ping
Don’t take the bait, FORD!!! It’s a trap!
Why not just offer a lump sum award of $5 billion and a 99 year patent to whatever car maker can develop a 150hp engine that delivers a 300 mile range with the CO2 output of like a gallon of gas?
All these grants, awards, loans don’t encourage a particular goal. They’re just burning cash for the sake of burning cash.
Use a 99 year patent as an incentive and you’ll have to offer a lot less up front cash.
uhoh, not good! I hope they don’t!
The car czar is on the way too..
Greg Morton’s “obama man”
I repeat myself, but what the heck..I shall plaster it everywhere..
Ford has decided to welcome government control of it’s company?
Plenty, you see, almost every car burns fuel wastefully metaphorically like a locomotive burning logs of wood or lumps of coal, that's why they need another heat engine underneath (catalytic converter) to consume the extra fuel the engine didn't use.
The only reason it didn't use it was because the un or underburnt bits didn't get surrounded enough by oxygen.
If you raise the pressure from what dribbles out of todays fuel injectors or yesterdays carburetors (which are just little toilets flushing gas), each molecule of fuel will be able to go "bang" increasing the explosive push down on your pistons that eventually turn your wheels.
And by burning all the little molecules of fuel in the first place where they need to be burned, all you get in water vapor and glorious carbon dioxide to nourish our plants.
Isn't it a wonderful world?
Oh yeah, your engine will last forever and stay clean because all that crap that used to gum everything up was consumed properly in the first place.
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