At Ford Motor Company, we’re going green, and fast. We’re proud to be one of only three companies selected by the U.S. Department of Energy to be approved for the Advanced Technology Vehicles Manufacturing Incentive Program.
This green relationship with the U.S. government will help us accelerate the development of advanced technologies for even better fuel efficiency and emissions. These are the loans that Congress authorized in conjunction with the 2007 Energy Independence and Security Act.
Seventy-five companies applied for these loans. Ford is one of the first automakers deemed by the government to be among the best companies with the best technologies in American manufacturing and fuel efficiency.
We are committed to fuel economy leadership with every new model we introduce. In fact, we are investing nearly $14 billion in advanced technology vehicles in the next seven years alone in the U.S.
Our relationship with the Department of Energy also will help retool our U.S. plants more quickly to produce fuel-efficient vehicles and meet new, rigorous fuel-economy requirements.