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Subject:  US Loans Nissan $1.4 billion Date:  1/9/2013  8:36 PM
Author:  tjscott0 Number:  665469 of 876054

Nissan Motor Co. said it will begin U.S. production of its all-electric Leaf on Thursday in Tennessee as part of a $1.4 billion government loan.

The Leaf will be built alongside the company's gasoline-powered products.

Last year, Nissan sold 9,819 Leaf EVs in the United States — up 1.5 percent over 2011.

Nissan CEO Carlos Ghosn has previously predicted that 10 percent of all vehicles sold by 2020 worldwide will be electric vehicles.

Nissan says the addition of Leaf production and battery assembly has resulted in the creation of more than 300 U.S. manufacturing jobs —
"a number that can increase with demand."

Doesn't it seem costly to gain ONLY 300 jobs for a $1.4 billion loan. Couldn't that money be spent or loaned for higher employment of Americans elsewheres?

Oh well them learned sophisticated congresspersons prolly know what's best fer us ignorant savages in fly over country.
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