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3U.S. Still Plans To Distribute Over $15 Billion In Advanced Technology Vehicle Manufacturing Loans

As Department of Energy relaunches loan program, we consider past successes and failures

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.

50VPG Autos MV-1 Taxi will leave the light on for you

The streets of Gotham are about to look a lot different. After being inundated with legions of bulky Ford Crown Victoria and the occasional Toyota Sienna or Prius for years, New York City's hack pool is slated to get a fresh crop of yellow ugly thanks to its "Taxi of Tomorrow" program.

AddAM General to build CNG-powered VPG MV-1 people-mover at Hummer H2 factory

Vehicle Production Group MV-1 - Click above for high-res image gallery

28AM General to build VPG MV-1 people-mover at Hummer H2 factory

Vehicle Production Group MV-1 - Click above for high-res image gallery

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