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Uncle Sam Doing More Than Loaning Money To Detroit


From Edmunds.com:

The federal General Services Administration said late Tuesday that it purchased $210 million worth of “fuel efficient” vehicles from Ford, GM and Chrysler last week.

Ford’s Fusion is part of the government’s purchase of more than 17,000 new fuel-efficient vehicles from domestic automakers this year.

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The June 1 acquisition follows the previously announced purchase of 3,100 gas-electric hybrid cars and SUVs from Ford Motor Co. and General Motors Corp. in April. The purchases are part of the government’s economic stimulus program. Chrysler wasn’t included in the initial round because it has no hybrids in its retail fleet.

This month’s order for 14,105 cars, SUVs and, presumably, pickups, competed the GSA’s assignment from President Obama to spend $285 million this fiscal year on new, fuel efficient vehicles for various federal agency - the total actually hit $287 million.

Additionally, the GSA is slated to spend $15 million for an undetermined number of advanced technology buses and electric vehicles by the end of September for use in the federal fleet.

The agency, which does about a quarter of all the federal government’s purchasing, is funding the vehicle acquisitions from the $787 billion American Recovery and Reinvestment Act - that’s 0.0003 percent of the total, if you are keeping score.

The 17,205 hybrids and other fuel efficient vehicles averaged $16,681 each and included 2,933 Chrysler vehicles at a cost of $53 Million ($18,070 average, the priciest of the lot); 6,348 GM cars and trucks for $105 million (a $16,447 average); and 7924 Ford vehicles, for $129 million (an average cost of $16,279).


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