Amid an industry-wide plunge in vehicle sales, Nissan Motor Co, Japan’s No.3 automaker, has suspended its mid-term business plan named GT 2012, but with the exception of its electric vehicle ambitions. Nissan wants to close the gap with hybrid pioneers Toyota Motor Corp and Honda Motor Co as consumers look increasingly to alternative-fuel vehicles. Together with its French partner, Renault SA, Nissan is aiming to become the first to mass-market pure electric vehicles with a global roll-out in 2012.
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Tags: electric vehicles, lithium-ion, Smyrna, U.S. Department of Energy, zero-emissions
Nissan has received conditionally approval for a $1.6 billion loan by the U.S. Department of Energy. The loan falls under the Advanced Technology Vehicles Manufacturing Loan Program (ATVMLP) that was authorized by Congress under Section 136 of the Energy Independence and Security Act of 2007 to accelerate the development of vehicles and technologies that increase U.S. energy independence, create cleaner means of transportation and stimulate the American economy.
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Tags: Advanced Technology Vehicles Manufacturing Loan Program, ATVMLP, Dominique Thormann, electric vehicles, lithium-ion, Nissan North America, Smyrna, Tennessee, U.S. Department of Energy, zero-emissions