The Union Institute
Ford recently received $5.9 billion in Energy Department loans to help retool its plants.m
Illinois, Kentucky, Michigan, Nlissouri. and Ohio to produce 13 fuel-efficient models, including 5,000 to 10,000 eiectric cars per year starting in2011. In mid-2009, Nissan Motor was granted $1.6 billion in loans also from the U.S. Department of Energy to build as many as 100,000 electric cars a year at its plant in Smyrna, Tennessee, by 2013.
Ford's newest competitor may be the U.S. government because GM and Chrysler LLC are in line to get $62 billion in investments from the U.S. Treasury. GM and Chrysler have cut their debt and closed hundreds of dealers with that money, while Ford still …show more content…
line named after the ancient god of wisdom is Nlazda (www.mazda.com).
Mazda evolved in 1931 representing a three-wheeled truck combining a motorcycie and automobile. Mazda today offers 11 different models along with its Mazda Verisa.
The company posted sales in the first nine months of fiscal 2008 of 2.i million yen G).
The company's Web site contains information about Mazda in some 54 different countries. Mazda's revenues dropped from 2.5 million yen in the first nine months of 2001 to
2.0 miilion yen during that period in 2008.
Volvo (www.volvocars.com), a brand name that created the first three-point seat belt, has built sffong brand recognition as a safe vehicie. Volvo in 1955 began exporting cars to the United States.
Ford acquired Voivo in 1999, but the division is now up for sale. Volvo markets in some 58 countries. This Sweden-headquartered division sells the Lhe in more than 185 markets. This division soId,3'74,29'7 units worldwide in 2008, an 18 percent decrease in sales from2007. The stronger demand was in the United Kingdom while the U.S. and Sweden markets weakened. Volvo achieved ner sales of $14.7 bilLion in 2008, compared to $17.9 billion in 2001, as described in Exhibit 4.
Ford Motor Credit
Founded in 1923, Ford Motor Credit Company (www.fordcredit.com) offers financing to consumers and dealerships nationwide and is the world's largest