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Surprise: Nissan's Electric Cars to Be Made in the USA http://apocadocs.com/s.pl?1245799835
Japanese motor giant Nissan will begin building electric vehicles and batteries in the United States as soon as 2010, thanks to U.S. government incentives announced today.
The news carries a promise of green jobs for a struggling section of Tennessee. It also means that a cut of the $25 billion auto stimulus package that Congress passed last September will be going to a foreign company.
Nissan won approval from the Department of Energy (DOE) for $1.6 billion in special low-interest loans earmarked for making American vehicles greener. Ford and electric car start-up Tesla Motors were the other recipients, landing loans of $5.9 billion and $465 million, respectively.
The decision by the DOE to include the Tokyo-based automaker is yet another sign of Japan's rising clout in the world's nascent EV market.
Under the plan, Nissan will invest its loan dollars in building electric car assembly lines at its Smyrna, Tenn. plant. The factory will be capable of churning out 50,000 to 100,000 electric vehicles a year by 2012.
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