Company gets government loan for new car technology
WEST MICHIGAN (NEWSCHANNEL 3) – A West Michigan company has received a big government loan to develop new car technology.
The Department of Energy announced a $24 million boost for Tenneco Incorporated.
The company will use the money to develop components to control fuel emissions to help car-makers meet the Obama administration's new fuel economy standards.
Tenneco will design the new technology at its facility in Grass Lake and make the parts in Litchfield and Marshall.
Congressman Mark Schauer says the investment will help keep Michigan a global leader in the automotive industry.
A new study shows clean energy investments like this one could create up to 42,000 jobs in Michigan.
The lead author says the green transition will also translate into better paying jobs and help the state bring in money.
