Driving American Innovation: LPO investments are accelerating the resurgence of American auto manufacturing

PROJECT LOAN PROGRAM OWNER(S) LOCATION(S) LOAN TYPE LOAN AMOUNT ISSUANCE DATE
FORD ATVM 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 September 2009
NISSAN ATVM Nissan North America Decherd & Smyrna, Tennessee Direct Loan $1.45 Billion January 2010
TESLA ATVM Tesla Motors Fremont, California Direct Loan $465 Million January 2010

Loan Amount represents the approximate amount of the loan facility approved at closing including principal and any capitalized interest.

Nissan loan fully repaid in September 2017.

Tesla loan fully repaid in May 2013.

PORTFOLIO PROJECTS

FORD
By upgrading 13 facilities across 6 states, Ford was able to meet consumer demand for better fuel efficiency in more than a dozen popular vehicles.
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NISSAN
A new advanced battery manufacturing plant & facility upgrades allowed Nissan to manufacture the all-electric LEAF for America, in America.
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TESLA
With its Model S, Tesla brought the 1st zero-emission, zero-gas, full-size electric vehicle to market, boosting U.S. advanced auto manufacturing.
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LPO IMPACT

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, LPO's ATVM loan program has played a key role in helping the American auto industry propel the resurgence of manufacturing in the United States. »Read the report

Illustrated Poster Series