Ford Motor Company received a loan worth $5.9 billion to transform its factories across Illinois, Kentucky, Michigan, Missouri and Ohio to produce more fuel-efficient models. The loan is being given to Ford as part of the Department of Energy’s Advanced Technology Vehicles Manufacturing Loan programme.  The facilities of Ford that will be benefited by the government’s decision include Chicago Assembly, Louisville Assembly, Dearborn Assembly, Dearborn Engine, Livonia Transmission, Michigan Assembly, Van Dyke Transmission, Kansas City Assembly, Cleveland Engine, Lima Engine and Sharonville Transmission. The Department of Energy plans to extend its support to large and small auto manufacturers and parts suppliers up and down the production chain by sanctioning additional loans under this programme in the next few months. |
