Categories

Archives

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

USA/China: Automaker awaits loan to build local battery plant

Coda Automotive seeks $500 million in federal cash
Monday, July 4, 2011 05:46 PM
By Dan Gearino
The Columbus Dispatch
Ohio continues its long wait for the government to decide whether to approve a loan for Coda Automotive, a decision that will determine whether the company will bring a battery plant to central Ohio – and more than 1,000 jobs.

Coda, based in Santa Monica, Calif., applied for a loan from the U.S. Department of Energy more than a year ago. The $500 million-plus loan, part of the agency’s Advanced Vehicle Technology Manufacturing program, is the key component in paying for the proposed plant.

The agency anticipates that it will announce decisions for some of the applicants this year, said spokeswoman Stephanie Mueller. She had no further information about specific companies.

Several outside observers previously had speculated that an answer might come in the second quarter of this year, a period that has ended. Coda, though, has never said when it expects a decision.
dispatch.com

Share

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.