- cross-posted to:
- tech@kbin.social
- cross-posted to:
- tech@kbin.social
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or you could put that money to public electric rail… or nah just give it to private companies. all they care about is gdp
A deep-pocketed US government program designed to finance futuristic energy businesses is issuing a conditional $9.2 billion loan to Ford Motor Co. for the construction of three battery factories. The enormous loan — by far the biggest government backing for a US automaker since the bailouts in the 2009 financial crisis — marks a watershed moment for President Joe Biden’s aggressive industrial policy meant to help American manufacturers catch up to China in green technologies.