Federal loan to help KC Ford plant - St. Louis Business Journal:

stelauguqdinec.blogspot.com
The loans include $5.9 billio for Ford (NYSE: F) through 2011 to transfork factoriesin Illinois, Michigan, Ohio and Missouri to produce 13 models that are more fuel Ford plans to raise the fuel efficiency of more than a doze n models, including the Ford Escapew and the F-150, which are produced at the Kansaws City Assembly Plant in Claycomo. The said Tuesday that Ford also will use the monehto “convert two truck plantws to the production of cars.” Ford spokeswoman Angiwe Kozleski said the two plants are in Michigan and so Kansas City’s F-150 plant will not be affected by this retoolinf plan.
Kozleski said Ford is not ready to releasew details of how the money will be spent ateach Ford’s Kansas City Assembly Plant has 4,037 uniohn members and 250 salarieed employees. From the federalo loan program, Nissan Motor Co. got $1.6 billion to retook its factoryin Tenn. Tesla Motors Inc., of San Carlos, got $465 million to manufacture electric vehicles. which has at least eight dealershipsx inthe St. Louis has not accepted federal “bailout” unlike now-bankrupt automakers and . Ford a $1.
4 billioh first-quarter loss, compared to earnings of $70 million last