Green-car loans to Ford, Nissan, Tesla
The U.S. government, which plans to launch the development of a new generation of vehicles fuel efficient through technology loan program for construction of vehicles, announced Tuesday a loan application winners.
Ford Motor is ready for a total of $ 5.9 billion from a variety of energy efficiency initiatives, while 1.6 million of loans to Nissan is designed to help plants produce electric car recast Tennessee.
Tesla Motors is also a winner in the program, obtain a loan of $ 465 million, most of which will be used to build production facilities for Model S electric sedan recently announced.
The $ 25 million technology program has been discussed for some time, and cars were lining up for loans under the program. Viable, provided that companies can obtain loans under the program caused Chrysler and General Motors was denied the requests, if the two companies have developed electric vehicles and hybrid platforms.
Ford announced earlier this year to release an electric vehicle in 2011, developed in collaboration with the parts supplier Magna Steyr. The company will use its loan to the production of this commercial vehicle with an electric vehicle based on its model of transport in 2010.
Nissan has been a leader among major car manufacturers to move into a pure electric car, promising to make a powered by a lithium ion battery on the roads of the United States in 2010.
As a demonstration of the technology, Nissan has shown its EV-02 test mule for journalists, an electric car using the platform of Nissan Cube, a series of nearly 100 miles. The company is designing its plant in Tennessee to produce 150,000 electric cars a year, and the manufacture of lithium-ion batteries produce 200,000 boxes per year. The plant should start production in 2012.
Other car manufacturers are still awaiting the decision of grass. One of these candidates, Indiana-based automotive bright, plans to build a plug-in hybrid electric vehicles for commercial fleet. The company has received no word or time line on their application.
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