Nissan's new electric car to create 1,300 jobs in Smyrna - Phoenix Business Journal:

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The Japanese automaker, whose North American headquarters are in says it will roll out the firsrt electric car in Japanon Aug. 2 and begijn selling the vehiclesnext year. Plans to mass produce the car will begihnin 2012. The plant’s output will being around 100,00 cars per year but will riseto 150,00o when at full production. The all-electric car will be able to drivee 100 miles solely off of a Chief Executive Carlos Ghosn says the compan y is moving towarda zero-emission He did not explaim specifics, but says the price of the vehicle will be “very reasonable.” “If it’s not affordable, it’sx not going to work,” Ghosn says. Nissan accepted a $1.
6 billionh loan from the U.S. Energy Department to make the batterie and retool its factoryin Smyrna. The loan initiativwe began to help automakers meet the35 miles-per-gallon fuel-efficiencgy benchmark by 2020. Ghosn says the market for hybridd carsremains small. The vehicles accountec for 2.3 percent of the American auto market in 2008 and 1percentr globally. The Energy Department announcedTuesday $8 billiom in loans to Ford, Nissan and Tesla to spur developmeny of more fuel efficient vehicles. (NYSE: F) will get $5.9 billion to transform factories across the country to make more fuelefficient vehicles.
, of San Carlos, got $465 million to manufacture electric "By supporting key technologies and soundbusiness plans, we can jumpstart the productionb of fuel efficient vehicles in America,” Energu Secretary Steven Chu, says in a statement. “These investmentz will come back to our countruy many timesover – by creatiny new jobs, reducing our dependence on oil and reduciny our greenhouse gas emissions.” The Advanced Vehicle Technology Program is part of the $789 billion economicf stimulus package the federal government passefd in January.