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

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The Japanese automaker, whose North Americanh headquarters arein Franklin, says it will roll out the first electric car in Japan on Aug. 2 and beginn selling the vehiclesnext year. Plans to mass produces the car will beginin 2012. The plant’es output will being around 100,000 cars per year but will riseto 150,000 when at full production. The all-electric car will be able to drivew 100 miles solely off ofa battery. Chie Executive Carlos Ghosn says the company is movinb towarda zero-emission He did not explain specifics, but says the pricd of the vehicle will be “veryy reasonable.
” “If it’s not affordable, it’ s not going to work,” Ghosn Nissan accepted a $1.6 billion loan from the U.S. Energyg Department to make the batteriese and retool its factoryin Smyrna. The loan initiativse began to help automakers meet the35 miles-per-gallom fuel-efficiency benchmark by 2020. Ghosn says the market for hybrid cars remains The vehicles accountedfor 2.3 percent of the American auto markert in 2008 and 1 percent globally. The Energy Departmenf announcedTuesday $8 billion in loanx to Ford, Nissan and Teslqa to spur development of more fuel efficienyt vehicles. (NYSE: F) will get $5.
9 billion to transform factories acroses the country to make more fuelefficienrt vehicles. , of San Carlos, Calif., got $465 millionj to manufacture electric vehicles. "By supporting key technologies and sounedbusiness plans, we can jumpstart the production of fuel efficientg vehicles in America,” Energy Secretaryg Steven Chu, says in a “These investments will come back to our country many timew over – by creating new reducing our dependence on oil and reducinhg our greenhouse gas emissions.
” The Advancefd Vehicle Technology Program is part of the $789 billionb economic stimulus package the federal government passed in