DOE restarting ATVM loan program famous for backing Tesla, Fisker
Despite being a Bush-era program, the ATVM loan program has been the subject of Republican criticisms and investigations on the Hill. The most public was when Henrik Fisker and other Fisker executives were called to testify earlier this year. The program's most public success was when Tesla paid back its $465-million government loan nine years early, something that didn't always fit the talking point. The other big recipients of ATVM loan money were Ford ($5.9 billion) and Nissan ($1.6 billion), which are reportedly on track to pay back their money on time. A number of automotive companies and projects, including Carbon Motors, Aptera and Bright Automotive, were shuttered or slowed by the lack of DOE action.
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