U.S. lend fund billions Dollar for Ford and Nissan
U.S. Government will lend 5.9 billion U.S. dollars to Ford Motor Co. and 1.6 billion U.S. dollars to the Japanese car manufacturer Nissan investment to increase the quality of the fuel economy of their vehicles built in the U.S..
"The loans provided is the first program of 25 billion U.S. dollars to help car manufacturers meet fuel efficiency standards," said Energy Secretary Steven Chu at a press conference, Tuesday (23 / 6) local time.
"I like the eight billion, while loan agreements that will encourage innovation in fuel efficiency and help revolutionize the automotive industry in the United States," said Chu.
"This loan will help the automotive industry to meet and even exceed the standard fuel while creating new jobs, reduce our dependence on foreign oil and make sure American competitiveness."
Other loans 465 million U.S. dollars will be given to producers Telsa electric sports car.
"Additional credit will be given to major automotive manufacturers and suppliers and a small part of the upstream to downstream production chain in the months to come," said Chu, who promised to release the funds as soon as possible.
Department of Energy began discussions with Chrysler "on the day they emerged from bankruptcy protection" and has begun to examine the technical aspects of the request from General Motors in the hope that it will successfully recover from bankruptcy protection, Chu said to the journalist.
Ford will use the 5.9 billion U.S. dollars to retool the factory-manufacturer in five states and increase the fuel efficiency of almost two million new vehicles each year.
Department of Energy estimates the increase will result in fuel savings more than 20 million gallons of gas per year. "That will result in saving more than half a billion U.S. dollars for one year for drivers in the U.S. the price of fuel at this time," said Chu.
Nissan will use the loans to modify the factory in Tennessee to produce electric vehicles with zero emissions and packaging lithium-ion batteries to power them.
With this loan, "Nissan will cut half the cost of the battery and increase the production of 150,000 American-made electric vehicles per year with a competitive price," said Chu.
Ford CEO Alan Mulally welcome "green historic partnership" and said this has been committed to investing almost 14 billion U.S. dollars in advanced technology vehicles in seven years.
"Ford is completely committed to leading the vehicle fuel based economic model in each introduce our new," said Mulally.
"We transform our vision, we recognize complete production equipment manufacturer and bring to market new vehicles with more fuel efficient."
Nissan welcomed the loans and said, "is committed to be a leader in zero-emission mobility."
"Lending is an investment in the United States," said Dominique Thormann, Senior Vice President for Nissan North America, in a statement.
"This will help us to place high quality and reach zero emission vehicles on the roads." Nissan plans to start selling electric cars in the United States in 2010.
Initially they will be imported from Japan, but production will move to Tennessee after the factory Smirna increased and running by the end of 2012.
Telsa Motors is based in the states of California will use 365 million dollars for production, and engineering and assembly of the Model S, the all electric family sedan that can carry seven people with travel up to 300 miles per charge (electric field). Additional 100 million U.S. dollars will be used to strengthen the manufacturing factory.
A study published Monday found that the fuel efficiency rules that can help increase profits from General Motors, Ford, Chrysler and up to three billion U.S. dollars per year.
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