Last fall congress approved a $25 billion loan to the automakers as part of their bailout. The loan is going to be dispersed through the department of energy and is to be directed towards vehicles that don’t use much gas. A natural pick for the loans is Tesla Motors since they build vehicles that use [...]

GM is planning on opening an assembly plant for the battery packs that will be used in the Volt just south of Detroit.  The plant will create about 100 jobs for the town and will probably add more as more vehicles go to battery powered.  The plant will cost GM about $43 million. GM is [...]