For Immediate Release
Tuesday October 27, 2009 |
|
|
FOR MORE INFORMATION:
Alan Mlynek
Office: 202.225.4961
|
|
Levin Statement on Tenneco Award |
|
| |
|
|
(Washington D.C.)- Congressman Levin made the following statement regarding the announcement that Tenneco, Inc. had been awarded a $24 million conditional loan commitment as part of the section 136 loan program.
“This first loan to an automotive supplier under the section 136 loan program underscores the important role the supply base plays in the auto industry. On average, two-thirds of the value of a vehicle is produced by suppliers, making the work done by Tenneco and others crucial to propelling our state forward in advanced vehicle development. This award also highlights the vital role of the talented engineers in Michigan whose work to design, engineer and produce emission control components will be funded by this loan. Going forward, the automotive companies, suppliers, and federal government must continue to work together to ensure the next generation of vehicles are designed and built here in the United States.”
More information from the Department of Energy on the award is available here: http://www.energy.gov/news2009/8218.htm
(####)
|
|
|
|
|
