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First Three Conditional Loan Commitments Under DOEs ATVM Program go to Ford Motor Company, Nissan Motors and Tesla Motors

Green Car Congress

The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, will provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels. Ford Motor Company will receive $5.9 Nissan will receive $1.6

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US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Greater Cleveland Regional Transit Authority, Ohio: $2,257,000. The new Fisher buses will provide more than triple the equivalent fuel economy in all-electric mode and reduce CO2 emissions due to the extensive use of lightweight materials and the large capacity battery system. TIGGER will fund the labor portion of the project only.

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