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DOE rejects $310M loan for Carbon Motors to build advanced police cars

by Autoblog Staff (RSS feed) on Mar 8th, 2012 at 10:57AM

Carbon Motors, maker of the purpose-built E7 police car, won't receive the $310 million in U.S. Department of Energy (DOE) loans under the Advanced Technology Vehicle Manufacturing (ATVM) program that it applied for almost three years ago, and said that it's a victim of politics. "We are outraged by the actions of the DOE and it is clear that this was a political decision in a highly-charged, election year environment," Carbon Motors William Santana Li said in a statement. The company added that it was "actively examining its strategic and financing alternatives." Carbon Motors says its... Read More

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