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Advanced Vehicles Manufacturing Projects

Advanced Vehicles Manufacturing Projects
Advanced Vehicles Manufacturing Projects
Advanced Vehicles Manufacturing Projects
Advanced Vehicles Manufacturing Projects
Advanced Vehicles Manufacturing Projects
Advanced Vehicles Manufacturing Projects
Advanced Vehicles Manufacturing Projects
Advanced Vehicles Manufacturing Projects

DOE-LPO_ATVM-Economic-Growth_Thumbnail.pngDRIVING ECONOMIC GROWTH: ADVANCED TECHNOLOGY VEHICLES MANUFACTURING (January 2016)

With $8 billion in loans and commitments to projects that have supported the production of more than 4 million fuel-efficient cars and more than 35,000 direct jobs across eight states, the Loan Programs Office Advanced Technology Vehicles Manufacturing (ATVM) loan program has played a key role in helping the American auto industry propel the resurgence of manufacturing in the United States.

ADVANCED VEHICLES MANUFACTURING 3 PROJECTS in 16 LOCATIONS 35,800 PERMANENT U.S. JOBS SUPPORTED 287,370,000 GALLONS OF GASOLINE SAVED ANNUALLY 2,552,000 METRIC TONS OF CO2 EMISSIONS PREVENTED ANNUALLY ALL FIGURES AS OF MARCH 2015

ADVANCED VEHICLES MANUFACTURING				 PROJECT	LOAN PROGRAM	TECHNOLOGY	OWNER(S)	LOCATION(S)	LOAN TYPE	LOAN AMOUNT 1	ISSUANCE DATE FORD	ATVM	Advanced Vehicles Manufacturing	Ford Motor Company	Illinois (Chicago), Kentucky (Louisville), Michigan (Dearborn, Flat Rock, Livonia, Sterling Heights, Wayne, Ypsilanti), Missouri (Claycomo), New York (Buffalo), Ohio (Brook Park, Cincinnati, Lima)	Direct Loan	$5.9 Billion	Sep 2009 NISSAN	ATVM	Advanced Vehicles Manufacturing	Nissan North America	Decherd & Smyrna, Tennessee	Direct Loan	$1.45 Billion	Jan 2010 TESLA	ATVM	Advanced Vehicles Manufacturing	Tesla Motors	Fremont, California	Direct Loan	$465 Million	Jan 2010 2 NOTES:	**  All information updated March 2015. 1	Approximate amount of the loan facility approved at closing including principal and any capitalized interest. 2	Loan fully repaid in May 2013.