Energy Secretary Announces Large Loan To Ford For Fuel Efficient Cars

DEARBORN, MI. - JUNE 23: Ford President and CEO Alan Mulally (right), U.S. Energy Secretary Steven Chu (center), and Michigan Governor Jennifer Granholm wait for the start of an event where it was announced that the government, through the U.S. Department of Energy, will loan the company $5.9 billion dollars June 23, 2009 in Dearborn, Michigan. The loan is designed to help Ford convert auto plants so they can produce more fuel-efficient vehicles. (Photo by Bill Pugliano/Getty Images)