The US Department of Energy has been sued in US court by a company that it denied a loan to in its Advanced Technology Vehicles Manufacturing program. San Francisco-based XP Technology is charging the DOE with "corruption and negligence" for the way it handled the approval for loan process.
Remember XP Vehicles, the "pre-revenue start-up" that issued a statement 13 months ago saying it was "Extremely Disappointed in DOE Rejection of [its] ATVM Application" and asking people to petition the government to help the company? The rejection came after XP asked for money from the Department of Energy's Advanced Technology Vehicles Manufacturing program (ATVMP) to develop its electric inflatable car concept. XP was not happy with the result. It still isn't. In fact, XP Vehicles announced t
When last we left the company behind the inflatable car concept, we were questioning whether or not they are full of hot air. Now, with the recent loan refusal from the Department of Energy's Advanced Technology Vehicles Manufacturing program (ATVMP), it appears we aren't alone in our skepticism. XP Vehicles received the bad news the other night and are, as one might expect from a team that has spent $3 million in "cash and person hours" developing a concept they strongly believe in, "extremely
It's has been a while since we heard any news about the inflatable car from XP Vehicles but it seems they are still out there and still planning to take the auto industry by storm. Freshly featured on the cover of Product Design & Development (PDD), the concept vehicle that doesn't employ airbags, but rather is the airbag, is given credence in the two page spread. After reading the article, though, we're left with a nagging question: "Is this thing just a lot of hot air?"
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