http://www.ft.com/cms/s/0/83bfe68c-8...0779fd18c.html

 

On the bright side, at least this should fund a lot of much needed EV and battery R&D.

 

That isn't going to go to a companies like Telsa.

 

the big 3 spent plenty of lobby money to purchase congress critters, there is no way they'd let any of that money go to smaller groups like tesla

 

Sad but true

 

Yay!, more Aveo clones!. One for Caddy another for GMC ooooooo and one for Saturn another for SAAB.....

 

Too bad virtually none of that battery production will be performed in the US. A123 got a $30M grant to build a battery for one of the US DOE-sponsored battery programs, and then turned around and built a $60M battery plant in China. That didn't sit well with me.

 

well I guess on the bright side its a loan not a bail out, or investment... Hopefully this will do the trick? Ive wondered if one soloution would be working with For the Govt to hire Ford and GM to produce and or develop alternative like the Volt, even covering previous development costs for such projects already completed, or refine fuel efficient vehicles but then slingshot those vehicles removing govt support once out and let them sink or swim on their own in the market.

 

Swell.

 

The government should make some stipulation in getting the money that it must be spent within the country, i.e. opening plants here and putting more people back to work.

 

i really don't think a company planning to sell their electric vehicles at or above 100k is going to need help form the guberment. besides, isn't that what investors are for?

 

Telsa is playing on making a $40,000 dollar 4 door sedan.(plant is being built right now.) Followed by an entry level car.

 

Senate has also approved, Prez needs to sign.

 

Well, the good news is that we won't need to fill this forum with bankruptcy news all next year. That event now gets pushed down the road until early next decade.

It'd be interesting to track this money and see how it's actually spent.

 

Yup. Maybe I'll write my representatives and ask them to make sure at least $1B of that gets spent on Alpha/6th gen Camaro.