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Automotive News has answered the question why Nissan applied for that DOE loan program: electric cars and advanced batteries, despite the lack of plans for development in the mid-term. Nissan hasn't confirmed the amount of money it wants to borrow even though the application was sent in in December. It wasn't unveiled until this week. Nissan said that this money would be used to upgrade its Smyrna, Tenn., assembly plant and build a new facility for battery production. Since the Tennessee plant w

With the economic outlook for most automakers ranking somewhere between a disaster and a catastrophe, serious decisions about money-saving cuts have to be made. In the case of Nissan, it has been decided that its midterm business plan (nice to know they actually have one) that covers the firm's activities from 2008 to 2012 is being suspended. Does that translate into postponing their much ballyhooed future electric cars? According to one website it does. GreenCarWebsite is saying that the automa

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