Previous Loans in Oversubscribed Program Went to Auto Manufacturing Companies An Illinois company that makes emissions control equipment has become the first parts maker to win a loan from the $25 billion federal Advanced Technology Vehicles Manufacturing loan program. Tenneco Inc. won the $24 million loan with an application that said its emissions controls would be used to help plug-in hybrids and other advanced technology vehicles with internal combustion engines comply with federal emissions standards while remaining highly fuel efficient. Only four other loans have been approved in the program, all for automakers.
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Feds Okay First Advanced Tech Vehicles Loan to Emissions Controls Maker