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Mark in the news
Posted by Zack Pohl on October 28, 2009
CIT PAT: Tenneco Inc. secures $24 million loan commitment from Department of Energy
Tenneco Inc. has secured a $24 million loan commitment from the Department of Energy to assist in the engineering and manufacturing of exhaust components of nine new models of advanced technology vehicles. Through a condition of the loan, engineering work will be done at the company's Grass Lake facility, while manufacturing will take place at its sites in Marshall and Litchfield... According to a statement from the company, Tenneco is the first auto parts supplier to receive federal funds through the Advanced Technology Vehicles Manufacturing incentive program. "We have the tools, talented workforce and resources to develop the high-tech, energy efficient vehicles of tomorrow right here in Michigan," U.S. Rep. Mark Schauer, D- Battle Creek, said in a statement. "At a time when businesses are struggling to obtain credit to expand their operations and create jobs, this public-private partnership is welcome news for Tenneco, its workers, and the entire Grass Lake community."

WWMT: Company gets government loan for new car technology
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.
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