Tesla, Nissan & Ford Score Early DOE Loans

The long-awaited cash from the US Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program has finally started to pay out. First there was the $535 million to Solynda announced in May, and now the White House has confirmed the three additional winners.

So who got what?

Ford: $5.9 billion
What For: To transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce 13 more fuel efficient models," namely more efficient models of the Focus, Escape, Taurus and F-150, among others.

Special earmark: $500 petty cash to cover the costs of the pity parties over at Chrysler and GM.

Nissan North America: $1.6 billion
What For: "To retool their Smyrna, Tennessee factory to build advanced electric automobiles and to build an advanced battery manufacturing facility." In other words, build an EV.

Special earmark: $20 will go towards retooling the city's name into something less ... gynecological-sounding.

Tesla: $465 million
What For: "To manufacture electric drive trains and electric vehicles in California", specifically to build a manufacturing facility for the Tesla Model S sedan. Money from the loan will also be used to advance Tesla's market share in building battery packs and electric drive trains for other makers.

Special earmark: $100 million will go towards erasing any hint that a 'Martin Eberhard' ever existed.

Among the 65 or so still waiting are Bright Automotive, Think North America, Aptera, Fisker Automotive, ZAP, AFS Trinity, A123Systems, and Ener1.


This site follows the emergence, application and development of transportation innovation. Reference to manufacturers, makes and models, and other automotive-related businesses are provided for informational purposes only and do not constitute an endorsement by FutureCars.com.