Ford gets US$ 5.9 billion government loan to develop fuel-saving technologies, Electric-Focus to arrive in 2011
American-based auto maker, Ford which has not applied for any government bailout, has been granted a US$ 5.9 billion loan by the US Goverment, to help develop various fuel-saving technologies.
According to Ford, these technologies include hybrid-electric systems, alternative-fuel power plants, direct-injection development, dual clutch transmissions, vehicle weight reduction as well as aerodynamic efficiency. The auto maker then revealed that a “pure battery electric”, or BEV Ford Transit Connect commercial van will be introduced in 2010. There will also be a BEV Focus, that will arrive in 2011.
The Transit Connect will be co-developed with Smith Electric U.S, while Ford will work with Magna for the development of the emissions free Focus. The auto maker will also introduce a plug-in hybrid vehicle (PHEV) and a next generation hybrid electric vehicle (HEV) in 2012.
“This green partnership between Ford and the U.S. Government will help accelerate the development of advanced technologies for even better fuel efficiency and emissions. Ford is absolutely committed to fuel economy leadership with every new model we introduce. In fact, we plan to invest nearly $14 billion in advanced technology vehicles in the next seven years,” said the auto maker’s CEO, Alan Mulally.
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