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President Bush signed the $25 billion Advanced Technology Vehicles Manufacturing Incentive Program into life last year, but for the past 8 months, the U.S. Department of Energy (DOE) has sat on the money, carefully evaluating applications to see which companies would make the best use of the funds.

Today the first announcements of disbursement were made from Ford's Research and Innovation Center in Dearborn, Michigan.

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Japan's Nissan secures billion dollar loan from U.S. government

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