Not as much as GM and Chrysler, but it’s still taxpayer money:
WASHINGTON — (Dow Jones) — The U.S. Energy Department is expected to announce Tuesday that Ford Motor Co. (F) will be among the first beneficiaries of a $25 billion loan program created by Congress to help auto makers retool their factories to produce advanced-technology vehicles.
Energy Secretary Steven Chu plans to announce the award to Ford at an event Tuesday morning in Dearborn, Mich., according to two Capitol Hill aides with knowledge of the announcement.
An Energy Department spokeswoman declined to comment, as did a Ford spokesman.
Ford, alone among the Detroit three auto makers in not receiving federal bailout money, has said it would seek $11 billion from the loan program to invest in the research and development of fuel-efficient vehicles. It hopes to get at least $5 billion from the program by 2011.





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