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43US House votes to keep $25b DOE loan program alive

In the "it may be broke, but we ain't fixing it" department, the US government has decided not to shutter the $25 billion Department of Energy loan program geared to accelerate advanced-powertrain technology development, the Detroit News reports. Given the opportunity to cut a mere $6 million in funding earmarked specifically to oversee the $25 billion Advanced Vehicle Technology Manufacturing program, the US House declined and the Obama Administration said that there remains more than $15 billi

26Coda gives up on federal government loans, for now

Who needs the federal government when you have a big Chinese company behind you?

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