• Kyodo News

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Nissan Motor Co. is likely to receive more than ¥100 billion in low-interest loans set up by the U.S. government to promote the development of and transition to electric vehicles and other fuel-efficient cars, sources said Friday.

Nissan is the first foreign automaker that is close to winning approval for the direct loans, which would enable Japan’s third-largest automaker to research the production of zero-emission electric vehicles in the United States.

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