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Non-Tech : Ford Motor Company
F 10.47+0.2%10:29 AM EDT
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From: Savant8/26/2023 1:59:31 PM
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Ford just got a loan bigger than anything seen ‘since the advent of the auto industry’ — here’s what the company is spending it on (msn.com)

The U.S. Department of Energy (DOE) announced that it will be giving Ford a $9.2 billion loan to build electric vehicle (EV) factories.

This loan, which Ford will be using to build three separate factories, will substantially increase the American car manufacturer’s capacity for building vehicles that do not rely on gas.

“Not since the advent of the auto industry 100 years ago have we seen an investment like that,” Gary Silberg, global automotive sector leader at the accounting firm KPMG, told Bloomberg.
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