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56Elio Motors $185-million request advances under DOE's restarted ATVM loan program

Paul Elio's 84-mpg Trike Constantly Getting Closer To Reality

Controversial, helpful and finally put on hiatus, the Advanced Technology Vehicles Manufacturing (ATVM) loan program from the Department of Energy (DOE) has had a tremendous impact on the current flock of plug-in vehicles. Before being paused in 2011, the ATVM handed out money to Ford ($5.9 billion), Nissan ($1.6 billion) Fisker Automotive ($528.7 million), and Tesla Motors ($465 million). That took care of around $8.3 billion of the Bush-era program's original budget of $25 billion, leaving aro

9Hybrid Tech just made $65 million from bankrupt Fisker loan

We can now see at least one possible reason for why Hybrid Tech Holdings LLC bought the US Department of Energy's loan to Fisker Automotive last year for $25 million. The purchase is apparently worth $90 million today.

40DOE ready for more AVTMP loans, now focusing on suppliers

The Department of Energy handed out four big loans in the Advanced Technology Vehicle Manufacturing loan program (ATVM): Fisker got $528.7 million (then went bankrupt) Nissan got $1.4 billion, Ford got $5.9 billion (both are repaying on schedule, as far as anyone knows) and Tesla got $465 milion, which was quickly repaid. When it was created under the Bush Administration in September 2008, the ATVM loan program had a budget of $25 billion. The four loans only add up to around $8.3 billion, so th

18Hybrid Technologies LLC increases Fisker bid to $55 million

Will more money equal more Karma? In the continuing fight over the assets of extended-range plug-in vehicle maker Fisker Automotive, a Hong Kong-based investor is ready to up the stakes. Hybrid Tech Holdings has announced it will increase its bid for the maker of the Karma to $55 million.

AddAn in-depth look at how Envia failed to bring its new battery tech to GM

Not long ago, Envia Systems' innovative battery looked like it would break barriers. The "High Capacity Manganese Rich (HCMR)" technology was supposed to provide General Motors with an affordable battery that could power the next-generation Chevy Volt and move other, pure EVs at least 200 miles on a single charge. Now, though, the Silicon Valley-based company looks more like the latest cautionary tale for anyone trying to successfully enter the lithium battery and electric vehicle space.

AddTaking a look at government-supported Elon Musk's supposed libertarian politics

To read Josh Harkinson take on things, Tesla Motors CEO Elon Musk is your typical Silicon Valley entrepreneur, spouting Libertarian ideas while being more than willing to take federal grants. Harkinson wrote a lengthy profile of Musk for Mother Jones and it's well worth your time if you're at all curious about Musk or Tesla Motors.

AddDOE auctioning off Fisker's $168-million loan

If you've ever wanted to buy Fisker Automotive – not just a Karma, but the whole company – the opportunity is coming. The federal government is looking for a buyer for the automaker's $168 million Department of Energy debt note. That number comes from the original loan commitment of $528 million. Fisker only received $192 million of that funding, however, and the DOE has since "recouped more than $28 million from the company's accounts." It's that last $168 million that is proving to

6Ecotality files for bankruptcy as Nissan steps in with $1.25m in support

As expected, Ecotality is bowing out. The electric vehicle charging station maker just filed for bankruptcy protection and plans to auction off its assets next month. Ecotality and five affiliates filed for Chapter 11 protection Monday at the US bankruptcy court in Phoenix, AZ. The charging station company said eight parties would like to bid on its assets, and that it would like to hold an auction on October 9. Closing of the auction is expected to happen within two days.

AddGermans investors Fritz Nols AG officially submits Fisker bid to DOE

Fisker Automotive may have an investor that could pull the struggling extended range Karma-maker off life support. Two German investors have made an offer that's been signed and "on the table," according to a Facebook post by Ingo Voigt, one of the two investors.

98DOE restarting ATVM loan program famous for backing Tesla, Fisker

There have been some very public successes and failures from the Department of Energy's Advanced Technology Vehicle Manufacturing loan program, most notably Tesla and Fisker, but the US government is not yet finished. It's been a while – no ATVM loans have been given out since 2011 – but the DOE is finally getting ready to find homes for the billions still at hand. DOE spokeswoman Aoife McCarthy told Bloomberg that, "With no sunset date and more than $15 billion in remaining authorit

AddVehicle Production Group's bad DOE loan put up for auction

The US Department of Energy (DOE) is trying out a new solution to loans that have flopped – auctioning them off. A $50-million loan previously award to Vehicle Production Group LLC (VPG) through the Advanced Technology Vehicles Manufacturing loan program (ATVMP) has gone unpaid. VPG, a maker of compressed natural gas-powered wheelchair-accessible vans, shut its doors in May after running out of cash.

AddFisker bankruptcy likely, says once-positive Delaware Governor

Delaware Governor Jack Markell gave business leaders a decidedly negative take on two possible futures for Fisker Automotive: bankruptcy or a negotiated settlement to pay off the $170 million it owes in federal loans at a reduced rate. Neither sounds very good for the governor of the state that brought Fisker into the former General Motors assembly plant in Wilmington in 2009. Markell gave the luxury extended range EV automaker a package of $21.5 million in state grants and loans to set up shop

131Tesla loan payoff opens up takeover scenario, is Google interested? [w/video]

'Tesla needs to prove success is sustainable and that it is based on a solid financial foundation. If they do, they should be an appealing takeover target.'

AddFollowing Tesla's good news, Fox conveniently forgets government loan

It's been a while since we've paid attention to Fox News attacking electric cars, but has it really been long enough for them to forget some pretty salient details? Looks like it has, according to a new video from Media Matters, which splices together clips from before Tesla Motors made its big profit announcement and the company's other recent items of good news.

41What $20 million means to both Tesla and Fisker

When is $20 million not equal to $20 million? When, for some, it's an interest payment and, for others, it's all someone else thinks they're worth. Here's how that one number means two totally different things to two different green car companies.

AddTesla pays back $465M DOE loan, Musk says 'I hope we did you proud'

We're willing to bet there are bottles of champagne popping all the way from Washington, DC to Palo Alto, CA today with the announcement that Tesla Motors has, as suspected, paid off the entirety of its $465-million Department of Energy loan.

AddTesla raises $1 billion as stock climbs; predictions have it at $200 (or $37) *UPDATE

Despite the company's recent string of successes, there's still a lot of skepticism about Tesla out there. Some of the negativity focuses on the lack of recharging infrastructure, some on the company's expensive cars and how it'll be difficult to make a mass-market car. And when it comes to the company's stock price – TSLA is currently at around $90 – the predictions are all over the map. Some say it's still worth shorting (that is, predicting it will drop). Some say it could reach $

AddTesla selling new stock, debt worth $830m in order to pay off DOE loan

Anyone paying attention to the electric vehicle scene for the last few weeks knows that the stock value of Tesla Motors has been climbing faster than a SpaceX rocket. As of this writing, TSLA is sitting pretty at $92 a share. Three weeks ago, it was at a then-record-high of $53.

AddFisker execs will be questioned today over DOE loan, repayments

As we get ready for a Congressional hearing later today, news of money that Fisker Automotive owes to the US government is on the mind of regulators and the public. Therefore, the US Department of Energy has announced that it did recently collect $21 million from the struggling automaker. The DOE says that the $21 million was paid back April 11. The company's first repayment, of $10 million out of the roughly $192 million that the company took (it was originally granted a $529 million loan but n

AddFisker furloughs workers for one week, says it's 'common practice' in industry

The tea leaves are getting somewhat clearer over at Fisker Automotive with a new report saying the struggling automaker is furloughing its US workers this week, a month before a payment on the company's $529-million Department of Energy loan is due. Fisker never got the full amount, taking only about $193 million before the funds were frozen.

40Tesla involved in federal probe? News to us, says Tesla

A recent report indicates that there's a dark and shadowy secret just waiting to wreck havoc on Tesla Motors: a federal probe into whether, as the conservative Washington Times puts it, "the automaker was using foreign instead of American parts in manufacturing their electric vehicles." Tesla has openly said it uses Panasonic battery cells, for example, so the need for a probe is not quite clear.

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