Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Sen. Stabenow Announces $24 Million Loan for Advanced Vehicle Technology

Fri. October 30, 2009; Posted: 01:22 PM
Stocks RSS
Oct 30, 2009 (Congressional Documents and Publications/ContentWorks via COMTEX) -- TEN | Quote | Chart | News | PowerRating -- WASHINGTON -- U.S. Sen. Debbie Stabenow, D-Mich., announced that Tenneco Inc. will receive a $24 million conditional loan from the U.S. Department of Energy's (DOE) Advanced Technology Vehicles Manufacturing (ATVM) Incentive Program. The ATVM program is intended to help the automotive industry meet or exceed the Administration's new fuel economy standards and help America regain its competitive edge in world markets. The loan will support the development of fuel efficient emission control components for advanced technology vehicles. Sen. Stabenow authored the language that created this program, and was included in the Energy Independence and Security Act of 2007 .

"As the author of the original legislation in the 2007 Senate Energy Bill, this is the exact type of project I envisioned. These new fuel efficient technologies will help revitalize our manufacturing base," said Stabenow. "Clean-energy is critical to the future of Michigan. I am pleased this funding will advance this country's 21st century manufacturing economy. This money will bring good paying manufacturing jobs back to Michigan and move the country closer to energy independence."

DOE funding will be used to develop components such as, catalytic converters, diesel particulate filters, diesel oxidation catalysts and selective catalytic reduction units. Engineering for the DOE-funded products and systems will be performed at the company's advanced engineering center in Grass Lake, Michigan, which employs more than 300 workers. The parts will be manufactured at Tenneco facilities in Ligonier, Indiana, Litchfield and Marshall, Michigan.

#DAL1234#

For full details on Tenneco Inc (TEN) click here. Tenneco Inc (TEN) has Short Term PowerRatings of 5. Details on Tenneco Inc (TEN) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [TEN]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.