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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 →

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