Energy Management

Alcoa gets $259 million federal loan for auto-metal expansion

By WBIR

Mar 27, 2015

The federal government is stepping up to support a big expansion to the Alcoa aluminum plant in Tennessee's Blount County. Alcoa will get a $259 million loan to support its expansion of lightweight aluminum for cars and trucks.

The government, through the Department of Energy, is looking to help automakers in North America get their hands on new, lightweight materials to support the production of lighter-weight vehicles that get better gas mileage.

Read the full story on WBIR.com.