Skip to Content

DoeFord


Officially, official: Ford gets $5.9b from DOE in ATVMP funds for 13 greener cars

The third piece of the DOE's funding puzzle that was laid out this morning goes, as expected, to Ford. What's notable is that Ford's share of the $8 billion in conditional loan commitments that the DOE announced today for electric cars is by far the largest: $5.9 billion. To compare, Nissan gets $1.6 billion and Tesla Motors received $465 million. Ford will use the money to bring "13 more fuel efficient models" to market, including improved traditional ICE-powered vehicles as well as EVs. The loans will help convert two truck plants over ... Read more →

No Content Style Defined.

Featured Galleries

  • RWE's Smart Ed
  • Smart Ed
  • Battery electric Volvo C30
  • Aston Martin Cygnet
  • Rinspeed UC?
  • BMW Concept ActiveE
  • Kepler Motion
  • Toyota Prius PHEV
  • Audi A1 teaser
  • Toyota Hybrid Concept Teaser
  • i-MiEV
  • Smart Ed and B-Class F-Cell

Categories

Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum