11 Articles
Official
Bright Automotive gets dimmed, will shut down because of DOE loan program delays

Bright Automotive will shut down after the maker of the extended-range plug-in utility vehicles said the federal government took too long to make good on its planned loans to the Michigan-based company, the Wall Street Journal reports, citing a letter company executive sent to U.S. Energy Secretary Steven Chu yesterday.

White House audit finds oversight needed with DOE advanced vehicle loans

If you worry that you might lose $10 billion but then only lose $3 billion, is that a success?

General Motors withdraws $14.4B loan request from DOE

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 the automaker's choice to cancel its loan request, stating:

Most Advanced Technology Vehicles Manufacturing Loan Program (ATVMP) money delayed

To date, only four loans from the DOE's Advanced Technology Vehicles Manufacturing Loan (ATVMP) program have been fully processed: $528.7 million to Fisker, $1.4 billion to Nissan, $

XP Vehicles has an idea: file a lawsuit against the DOE for ATVMP funds

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 electri

DOE finalizes Fisker's $528.7 million loan *UPDATE

Fisker Sunset – Click for high-res image gallery

Ford invests $155 million in Cleveland Plant No. 1 for newer EcoBoost engines new V6 engines

Last May, Ford began making the new, more efficient 3.5-liter EcoBoost V6 engine for vehicles like the Ford Flex, Ford Taurus SHO, Lincoln MKS sedan and Lincoln MKT crossover at its Cleveland Engine Plant No. 1. That plant was closed in 2007 (after opening in 1951) but was brought back from t

Done deal: Tesla, DOE complete $465 million loan paperwork

Tesla Model S – Click above for high-res image gallery