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Ford receives new loan guarantees

The U.S. economy remains very fragile and the President Obama still needs help in several economic sectors, including automotive.

Today is the turn of the manufacturer Ford to receive loan guarantees from the U.S. government.

Thus, Ford will proceed to conclude a secured loans up to $ 250 million. The whole purpose to export more than 200,000 additional vehicles on Canadian and Mexican auto Echiquiers.

According to data from the White House, these exports could be the source of new revenue evaluated at $ 3.1 billion and generators of new direct and indirect jobs.

This announcement follows the intentions of President Obama to double exports "Mada in USA" over the next five years products.

It is in his electoral stronghold of Chicago or more precisely at the Ford plant are assembled or the Taurus and Explorer models that Barack Obama chose to make this announcement.

Ford receives new loan guarantees picture #1

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