DOE reduced loan total for Leaf electric vehicle at Nissan's request — Autoblog Green

Submitted by David Herron on February 1, 2010 - 3:23pm

Nissan decided they don't need as much of the DOE loan as they thought. Hence they've told the DOE to reduce the loan.

There's a couple possibilities why they'd do this: a) Backing out of doing LEAF production, b) They've found a way to do the project with less money required, c) Battery prices are dropping (see b), d) There is some blowback against companies taking these loans, and Nissan wants to reduce their exposure..

Posted via web from Ephermeral Technosanity Ruminations (http://technosanity.posterous.com

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