Alcoa will borrow $259 million from the U.S. Department of Energy to expand its automotive aluminum sheet production capacity.
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The Obama administration is considering reviving the Department of Energy’s auto loan program, which may open loans for automotive suppliers.
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Fisker seems to be falling on hard times, and a new report suggests the brand might be on the market with Chinese firm Dongfeng Motor Corp tossing a $350 million offer into the ring.
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