American auto concern Ford, the only one of the Detroit three which was able to avoid bankruptcy, will still receive almost 6 billion U.S. dollars from the government. That, however, is not for the purpose of saving the company from bankruptcy: Ford will receive funding for the development of «green» technology. Analysts, however, note that any credit from the government will support the auto company during the crisis.
The money will be allocated by the Ministry of Energy in accordance with the Energy Bill, adopted back in 2007, by which auto concerns are required to increase the fuel efficiency of their cars by 40 per cent by 2016. For this purpose concessional loans of U.S. 25 billion dollars are allocated; in addition to Ford other auto companies of the United States will also receive government support – Nissan will receive U.S. $ 1.6 billion under the organization of the release of electric vehicles in the country. Tesla will receive a further U.S. $ 465 million for manufacturing electric sport cars. As for Ford, it will be provideded 5.9 billion U.S. dollars for the purpose of modernization of 11 of its plants in five states, that according to the company, will increase the efficiency of 2 million cars a year, as well as for developing its own electric cars.
Representatives of the American Ministry of Energy also said that they are conducting negotiations in order to provide loans from the Chrysler eco-funds, and they intend to begin negotiations with GM, when the company emerges from bankruptcy procedures.