Fox Business reported yesterday that Ford, Nissan and Tesla will partake in the Department of Energy’s Advanced Technology Vehicles Manufacturing program, a $25 billion loan program from the federal government ostensibly to finance plant changes “needed” for improved fuel-economy and improved-range electric vehicles. Ford’s $5,900,000,000 will go for converting a pair of truck plants into car plants, technology to improve the mileage of its core line (Focus, Escape, Taurus and F-150), and other improvements to its engines. Nissan’s $1,600,000 will go for electric vehicle production in its Tennessee plant. Tesla’s $465,000,000 will go to begin mass production of its first vehicle, as well as a battery pack designed for the Smart.
That’s right; your federal government is not satisfied with getting its meathooks into the Not-So-Big Three, and has decided to go whole hog into the Japanese Nissan (or is it the French Renault, as Renault holds close to half of Nissan?).
Any guesses as to what will eventually happen to Ford and Nissan? Here’s a hint…
[…] Go whole hog. […]
Since when was Ford on the good car list?
since 2007 where they where rated above Toyota and Honda in quality. Or in 2008 when they started making profit again? Or in 2009 when they started out selling Toyota?
IDK take your pick :)