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Mulally: Ford's path to profitability based on electrification

Ford CEO Alan Mulally says the automaker is on track to return to profitability by 2011, despite posting a record $14.7 billion loss in 2008 and a forecast to continue posting losses through the rest of 2009 and 2010. A major portion of Ford's turnaround plan revolves around "more and more electrification, both hybrids and battery electric vehicles," Mulally said shortly after the automaker accepted $5.9 billion in U.S. Department of Energy loans as part of the Advanced Technology Vehicles Manufacturing program to retool factories to build ... Read more →

Nissan's $1.1 billion loan likely to be approved by DOE Sebastian Blanco

The DOE loan that Nissan applied for to help it build electric cars and advanced batteries is likely to be approved for $1.1 billion, according to a report that cited "unidentified sources" in ...

Tesla opposes using advanced vehicle fund for Detroit bailout Sam Abuelsamid

When the Detroit automakers went to Washington to press their case for financial assistance to get through their current cash crunch, the hope was to get $25 billion from the $700 billion fund that ...

Mulally: Ford's path to profitability based on electrification 4 months ago on Autoblog Green

Ford CEO Alan Mulally says the automaker is on track to return to profitability by 2011, despite posting a record $14.7 billion loss in 2008 and a forecast to continue posting losses through the rest of 2009 and 2010. A major portion of Ford's turnaround plan revolves around "more and more ...

Nissan's $1.1 billion loan likely to be approved by DOE 5 months ago on Autoblog Green

The DOE loan that Nissan applied for to help it build electric cars and advanced batteries is likely to be approved for $1.1 billion, according to a report that cited "unidentified sources" in Kyodo News. The loan will probably speed up Nissan's already fast-moving electric car program that is ...

Tesla opposes using advanced vehicle fund for Detroit bailout 11 months ago on Autoblog Green

When the Detroit automakers went to Washington to press their case for financial assistance to get through their current cash crunch, the hope was to get $25 billion from the $700 billion fund that was set up to bail out Wall Street. The Bush administration was having none of that however, and by ...


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