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GM drops U.S. loan application after turnaround

General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles.

 

Feds lend Tesla $465M for electric car

The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it.

 

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