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Obama Administration Awards First Three Auto Loans for Advanced Technologies to Ford Motor Company, Nissan Motors and Tesla Motors

Washington, DC – Today, the Obama Administration announced $8 billion in conditional loan commitments for the development of innovative, advanced vehicle technologies that will create thousands of green jobs while helping reduce the nation’s dangerous dependence on foreign oil. The loan commitments announced today by the President include $5.9 billion for Ford Motor Company to [...]

June 23rd, 2009 | Uncategorized | Leave a comment
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Ford, EPRI and Hydro-Québec Partner on PHEV Development

Ford Motor Company and Hydro-Québec recently announced that Hydro-Québec has joined a North America wide demonstration and research program on plug-in hybrid electric vehicles (PHEVs).
Ford, in collaboration with the Electric Power Research Institute (EPRI), is undertaking a three-year test program on the Ford Escape PHEV designed to develop and evaluate technical approaches for integrating PHEVs into [...]

June 22nd, 2009 | Uncategorized | Leave a comment