In an update to a story posted here last Thursday, the Department of Energy announced Tuesday that it will loan Fisker Automotive over a half billion dollars (!!!) for the development of their two lines of hybrid cars.Energy Secretary Steven Chu states that the move will help lower greenhouse gas emissions and save/create 5,000 jobs (read the DOE's statement here). This piggybacks on a similar announcement around Telsa Motors electric sedan launch slated for 2011, and seems to be proving that Obama's team is walking the walk.
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