page_title: Advanced Technology Vehicles Manufacturing Loan Program
hierarchical_section_title: Advanced Technology Vehicles Manufacturing Loan Program
caption_attribution_description: English: Energy Secretary Chu announced the loans to Ford employees in Detroit, Michigan.
context_page_description: Advanced Technology Vehicles Manufacturing Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil. Of the 108 requests made, 5 were approved to receive $8.4 billion, with the majority of that amount under repayment.
context_section_description: Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil. Of the 108 requests made, 5 were approved to receive $8.4 billion, with the majority of that amount under repayment.
caption: Energy Secretary Chu announced the loans to Ford employees in Detroit
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