doe loan

What's been happening at Aptera? The hyper-aerodynamic vehicle company is still moving forward, just not as fast as the original plans called for. In the company's latest newsletter, plenty of virtual ink is dedicated to explaining where things stand with the request for money from the Department ...

Earlier today, General Motors announced that it is withdrawing its request for $14.4 billion in direct loans from the Department of Energy's (DOE) $25-billion program aimed at retooling factories for the production of fuel-efficient vehicles. GM's chief financial officer Chris Liddel, outlined ...

Department of Energy Secretary Chu announced the closing of Nissan's $1.4 billion Advanced Technology Vehicle Loan Program loan (originally, the amount was for $1.6 billion) today during the Washington Auto Show. As expected, this money will used to kick off production of the Leaf in the ...

Following months of debate, Congress has approved a bill that will pave the way for three-wheeled vehicle manufacturers like Aptera to qualify for funding from the Department of Energy. Next step: President Obama's desk, and the ...

The U.S. Department of Energy has finally announced the first recipient of low interest loans under its Advanced Technology Vehicle Manufacturing Incentive Program. The first recipient is Ford, and analysts believe the DoE will award sums to ...

General Motors released an updated business plan to Congress on Wednesday, and one of the main points of interest surrounds the automaker's request of an additional $2.6 billion for the production of the Chevrolet Volt and two ...

In a newsletter distributed today by Tesla Motors, CEO Elon Musk provides an update on the business including an announcement that a driveable prototype of the Model S would be unveiled on March 26. The Model S reveal will take place at the Southern California headquarters of Musk's other company, ...

Nissan is the first Japanese automaker to confirm that it has asked for funds from the U.S. Department of Energy. The amount of the request is not yet known, but it would be used to upgrade Nissan's assembly plant in Smyrna, TN and would ostensibly be used to develop electric cars and the batteries ...