doe loans

Three years ago, Carbon Motors chose one corner of a shuttered Visteon plant in Connersville, Indiana as the location to build its diesel-powered E7 dedicated police cruiser. Carbon intended to invest $350 million to start production, providing 1,500 jobs at the same time. That investment, ...

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 ...

Hiccup or death knell? That's what watchers of California-based automaker Fisker Automotive are trying to figure out after the maker of the Karma plug-in luxury sedan laid off about 65 workers and contractors in Delaware and California while renegotiating loan details with the U.S. Department of ...

The Detroit News reports Chrysler is walking away from the company's pursuit of low-interest Department of Energy loans. The automaker originally applied for an $8.55 billion loan when it was still under Cerberus Capital Management, though the figure had since shrunk to $3.5 billion. The DOE, ...

The Department of Energy began its Advanced Technology Vehicle Manufacturing Loan program in September of 2008. Over 100 companies applied with monetary requests totaling $42.7 billion. The DOE has $25 billion to provide, and so far it's only handed out $8.5 billion. This is bad news for quite a ...

Chrysler, the recently bankrupt automaker that accepted billions in government aid last year, is reportedly next in line to receive new technology loans from the U.S. Department of Energy. Ford, Tesla, ...

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 ...

Earlier this year, Nissan applied for low interest loans under the Department of Energy Advanced Technology Vehicle Manufacturing Incentive Program. In order to qualify for those loans, Nissan would have to use the government funds to ...