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Ford Among First to Get Loans for More Efficient Cars

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Ford gets $5.9 billion from the Advanced Technology Vehicles Manufacturing Loan Program of the U.S. government. It will use hte money to rettol 11 factories in the midwest. It will help Ford make 13 of its models more fuel efficient. Ford plans to sell 4 models of electric vehicles by 2012. Lawmkers in Congress are pushing to increase the size of the program from $25 billion to $50 billion. The $5.9 billion will be loaned to Ford and given between now and 2011, with Ford beginning repayment in 2012. THe plants are in Illinois, Kentucky, Michigan, Missouri and Ohio, and employ about 35,000 engineering and factory level employees.

Ford's push for fuel efficiency with government funding- 2008-2012

02/28/2006

Ford's efforts in this area after the GM and Chrysler bankruptcies. Conditions on fuel economy set by the government for companies taking financial asistance or loans from the government and for the auto industry bailout.

Grouped Articles

Ford Remakes F-150, the Nation’s No. 1 Vehicle

New York Times 01/13/2014

Detroit Gallops Ahead

Wall Street Journal 01/17/2014

Ford Among First to Get Loans for More Efficient Cars

New York Times 06/24/2009

Ford looks to lead pack in fuel eficiency.

Detroit Free Press 01/09/2010

Cars shrink under pressure from government and consumers.

Detroit News 01/09/2010

Small Engine shift signals big changes for buyers.

Detroit News 01/09/2010


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