Dearborn, Mich., Sept. 27 – Ford Motor Company today praised the bipartisan support in the U.S. Congress for direct loans as a “key enabler to Ford’s plan to pursue advanced technologies and deliver leading fuel economy.”
“This is an important first step to providing access to capital for important investments in the future at a time when the capital markets are distressed,” the company said.
Ford said it now will work with the U.S. Department of Energy to ensure the program gets implemented quickly.
“Ford is absolutely committed to delivering leading fuel economy and bringing advanced technologies to market, and the direct loans will help us move faster. Ford always has been about innovation for the masses, and that legacy will continue.”