It was Ford (F) - not the usual suspects GM and Chrysler - that tapped federal loan programs to...

|About: Ford Motor Company (F)|By:, SA News Editor

It was Ford (F) - not the usual suspects GM and Chrysler - that tapped federal loan programs to help retool plants and make more efficient vehicles, according to information made public by the DOE. The car maker initially received $5.9B in June 2009, and has since drawn down another $4.5B to date to help it update 11 plants in five states. Shares +0.8% premarket.