American automakers are once more receiving government funding which in this moment comes as the Energy Department grants. In order to the highly developed vehicle technologies project, trough the next five years the government agency will be donating as much $175 million but a combined $26.7 million is planed to be given for Detroit’s Big Three.
As much $14 million is received by General Motors for two projects. Developing high-performance, low-cost module and inverter switching technologies will take a total of $6 million, while in developing a thermoelectric generator system which changes waste heat into electrical power, the company needs $8 million.
Chrysler Group gets a total $10 million in order to engineer and demonstrate a cost-effective multi-material vehicle measuring 50 per cent down compared to a regular car.
On the other side, Ford receive $2.7 million in which the company spends $1.2 million to fund research into polyalkylene glycol based engine oil technology which is able to decrease engine resistance while the rest of $1.5 will be used to “to identity fuel properties which can be functioned to allow novel combustion strategies with low emissions of nitrogen oxides in an engine, and develop ongoing models.”
Stephen Chu who is the Energy Secretary stated that investment in the next generation of auto will sport the country’s economy and guide to a more fuel economy and clean energy future as well. The Department of Energy has invested in new high- developed technologies which will considerably gain vehicle fuel economy, save consumers’ money and also build skilled jobs for Americans. With that funding, the companies are expected to match the grants dollar for dollar with private investments.
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