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Dearborn Plant Wins Federal Loan

The U.S. Energy Department is granting a multi-million dollar loan to the company Severstal so the firm can re-tool the old Ford Rouge Plant to manufacture very strong, very light steel needed for fuel-efficient vehicles. The loan comes from a fund Michigan U.S. Senator Debbie Stabenow helped create. WDET’s Quinn Klinefelter talked to Stabenow about the re-tooling project and the budget battle in Washington that could threaten similar loans in the future…