Green Cool Hip

Now that Ford, Nissan and Tesla Motors will collectively receive $8 billion dollars in government loans to build green cars, let’s hope America can once again become a leader in auto manufacturing.  Both Ford and Nissan plan to retool some of their plants toward the production of energy efficient vehicles and associated parts, while Tesla will continue its vision of bringing the first fully electric sedan to market.  Although Ford was never among those begging the government for a bailout, it always expressed interest in getting a loan from the U.S. government in order to meet its green initiatives.

Because these loans are strictly for companies that stand a chance to survive in this current economic market, General Motors and Chrysler don’t qualify.  We can however expect to see new jobs as a result of this effort since these cars will be made in the United States.