FORD

Loan Programs Office

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PROJECT SUMMARY

In September 2009, the Department of Energy issued a $5.9 billion loan to the Ford Motor Company to upgrade 13 facilities in Illinois, Kentucky, Michigan, Missouri, New York, and Ohio. The resulting state-of-the-art assembly and manufacturing plants have the enhanced flexibility of producing multiple-platform, fuel-efficient advanced technology vehicles in response to changing market demands and fuel efficiency standards.

TECHNOLOGY INNOVATION

Ford updated several factories to continue improving fuel efficiency in more than a dozen popular vehicles, including the Escape, Fiesta, Focus, Fusion, and Taurus car models, as well as the F-150 light-duty truck. The innovations include the family of Ford EcoBoost™ engines, which are available in almost all models, and introductions of new hybrid, plug-in hybrid, and all-electric plug-in vehicles.

ECONOMIC IMPACT

Ford created and preserved more than 33,000 jobs at its ATVM-supported facilities. More than 6,000,000 Ford vehicles resulting from this loan have been registered in the United States from Model Year 2009 through Model Year 2013.

CLIMATE BENEFIT

Ford has manufactured vehicles at ATVM-supported facilities that are expected to save 268,000,000 gallons of gasoline and prevent 2,380,000 metric tons of carbon dioxide emissions each year.

 

PROJECT STATISTICS: FORD

PROJECT SUMMARY

Owner

Ford Motor Company

Locations

Illinois (Chicago), Kentucky (Louisville), Michigan (Dearborn, Flat Rock, Livonia, Sterling Heights, Wayne, Ypsilanti), Missouri (Claycomo), New York (Buffalo), Ohio (Brook Park, Cincinnati, Lima)

FINANCIAL SUMMARY

Loan Program

ATVM

Loan Type

Direct Loan

Loan Amount 1

$5.9 Billion

Issuance Date

September 2009

ECONOMIC IMPACT

Permanent U.S. Jobs Supported

33,000

CLIMATE BENEFIT

Gallons Of Gasoline Saved Annually

268,000,000

CO2 Emissions Prevented Annually

2,380,000 Metric Tons

NOTES

All information up-to-date as of June 2017.

1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest.

PROJECT PHOTOS

Ford Motor Company
Ford Motor Company
Ford Motor Company
Ford Motor Company
Ford Motor Company