New book by Larry Connors Click here Improve your trading - See how
"We have the tools, talented workforce and resources to develop the high-tech, energy efficient vehicles of tomorrow right here in Michigan. At a time when businesses are struggling to obtain credit to expand their operations and create jobs, this public-private partnership is welcome news for Tenneco, its workers, and the entire Grass Lake community. By investing in advanced vehicle technology, we can ensure that Michigan remains a global leader in automotive R&D, reduce our dependence on foreign oil, and create good-paying jobs for Michigan workers."
Under the conditions of the loan, design of the emission control products involved will be done at Tenneco's facility in Grass Lake, and manufactured at facilities in Litchfield and Marshall, Michigan.
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