Tuesday, September 11, 2012

NISSAN Does NOT have to do Disclosures on Dept. of Energy Loan .... Because its a Foreign Company... WHY Did America Give it to Them?

Loan Opponent Ryan Sought Riskier Practices on Electric-Car Aid

Businessweek-5 hours ago
Republican vice presidential nominee Paul Ryan pressed the U.S. Department of Energy in 2008 to write rules for electric-car loans that could ...

Ford, Tesla

Ford said in an Aug. 3 U.S. regulatory filing (F) that it has drawn down all of its $5.9 billion. Tesla has received about $462.6 million of its $465 million loan, or more than 99 percent, it said in an Aug. 2 filing.
Fort Lauderdale, Florida-based VPG has drawn all but $477,500, also more than 99 percent, of its $50 million lan, Joe Vecchiolla, the chief financial officer, said in an e-mail.
Nissan, which received a $1.4 billion loan, doesn’t disclose how much it has used, said Katherine Zachary, a spokeswoman. Nissan, based in Yokohama, Japan, doesn’t trade in the U.S. and isn’t required to file financial information with U.S. regulators.

Not a Good Bet......  Someone Needs to Speak Up for America. 

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