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Official

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.

Bright IDEA PHEV - Click above for high-res image gallery

Bright Idea PHEV van – Click above for high-res image gallery

Bright Idea PHEV – Click above for high-res image gallery