Tenneco has been awarded a US$24m conditional loan commitment as part of the US Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) incentive programme.
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The funding will support the engineering and manufacturing of emission control products designed to achieve environmental and fuel efficiency objectives for nine advanced technology vehicle programmes.
Tenneco is the first automotive parts supplier to be selected by the US Department of Energy (DOE) to receive federal loans from the ATVM incentive programme. To date, four vehicle manufacturers have also been awarded conditional loans.
“We’re very proud to have our advanced emission control technology recognised as critical to the development of more energy efficient cars and light trucks that meet increased standards for corporate average fuel economy, while also meeting new, more stringent standards for vehicle tailpipe emissions,” said Gregg Sherrill, Tenneco chairman and CEO. “We’re honoured to be the first automotive supplier chosen to take part in the ATVM incentive programme.”
The funding will be applied to the design, engineering integration and production of key aftertreatment and exhaust components including catalytic converters, diesel oxidation catalysts, diesel particulate filters and selective catalytic reduction (SCR) units.
The DOE funded systems will be engineered at the company’s emission control engineering centre in Grass Lake, Michigan, and manufactured at facilities in Ligonier, Indiana, Litchfield and Marshall, Michigan, and Seward, Nebraska for use in vehicles as early as model year 2010.
