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US Senate authorizes DOE green car loan program [UPDATE]

Politicos hope bill brings about more Teslas, not so many Fisker's.

The federal government last funded the green-vehicle technology program in 2007.

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Elio Motors will charge you 3x the price of gas, and you'll like it

Company Introduces New "Let Your Gas Savings Make Your Payments' Plan

Paul Elio says the new "Let Your Gas Savings Make Your Payments" plan will cost you triple for gas, but that's actually a good thing, since the 84-mpg trike can pay for itself.

Alcoa awarded $259 million in DOE's first revived ATVMP loan program

It's Baaaaaaack

The DOE has revived the ATVMP loan program and will hand out the first $259 million loan agreement to Alcoa to make aluminum for lighter, cleaner cars.

Five years ago, the DOE loaned Tesla Motors $465 million

Secretary Moniz Announces New $55 Million Funding Program

Five years after Tesla got off to a good start with its ATVM loan deal, Energy Secretary Moniz says the DOE is offering two new programs – one for $55 million and one for $35 million – to help advanced vehicles.

Official
Elio Motors $185-million request advances under DOE's restarted ATVM loan program

Paul Elio's 84-mpg Trike Constantly Getting Closer To Reality

Controversial, helpful and finally put on hiatus, the Advanced Technology Vehicles Manufacturing (ATVM) loan program from the Department of Energy (DOE) has had a tremendous impact on the current flock of plug-in vehicles. Before being paused in 2011, the ATVM handed out money to Sebastian Blanco

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Hybrid Tech just made $65 million from bankrupt Fisker loan

We can now see at least one possible reason for why Hybrid Tech Holdings LLC bought the US Department of Energy's loan to Fisker Automotive last year for $25 million. The purchase is apparently worth $90 million today.

Official
DOE ready for more AVTMP loans, now focusing on suppliers

The Department of Energy handed out four big loans in the Advanced Technology Vehicle Manufacturing loan program (ATVM): Fisker got $528.7 million (then went bankrupt) Nissan got Sebastian Blanco

Report
Hybrid Technologies LLC increases Fisker bid to $55 million

Will more money equal more Karma? In the continuing fight over the assets of extended-range plug-in vehicle maker Fisker Automotive, a Hong Kong-based investor is ready to up the stakes. Hybrid Tech Holdings has announced it will increase its bid for the maker of the Karma to $55 million.

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An in-depth look at how Envia failed to bring its new battery tech to GM

Not long ago, Envia Systems' innovative battery looked like it would break barriers. The "High Capacity Manganese Rich (HCMR)" technology was supposed to provide General Motors with an affordable battery that could power the next-generation Jon LeSage

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Taking a look at government-supported Elon Musk's supposed libertarian politics

To read Josh Harkinson take on things, Tesla Motors CEO Elon Musk is your typical Silicon Valley entrepreneur, spouting Libertarian ideas while being more than willing to take federal grants. Harkinson wrote a lengthy profile of Musk for Mother Jones and it's well worth your time if you're at all curious about Musk or Tesla Motors.

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DOE auctioning off Fisker's $168-million loan

If you've ever wanted to buy Fisker Automotive – not just a Karma, but the whole company – the opportunity is coming. The federal government is looking for a buyer for the automaker's $168 million Department of Energy debt note. That number comes from the original loan commitment of $528 million

Breaking
Ecotality files for bankruptcy as Nissan steps in with $1.25m in support

As expected, Ecotality is bowing out. The electric vehicle charging station maker just filed for bankruptcy protection and plans to auction off its assets next month. Ecotality and five affiliates filed for Chapter 11 protection Monday at the US bankruptcy court in Phoenix, AZ. The charging station company said eight parties would like to bid on its assets, and that it would like to hold an auction

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Germans investors Fritz Nols AG officially submits Fisker bid to DOE

Fisker Automotive may have an investor that could pull the struggling extended range Karma-maker off life support. Two German investors have made an offer that's been signed and "on the table," according to a Facebook post by Ingo Voigt, one of the two investors.

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DOE restarting ATVM loan program famous for backing Tesla, Fisker

There have been some very public successes and failures from the Department of Energy's Advanced Technology Vehicle Manufacturing loan program, most notably Tesla and Fisker, but the US government is not yet finished. It's been a while – no ATVM loans have been given out since 2011 – but the DOE is finally getting ready to find homes for the billions still at hand. DOE spokeswoman Aoife McCarthy told <

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Vehicle 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 na

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Fisker bankruptcy likely, says once-positive Delaware Governor

Delaware Governor Jack Markell gave business leaders a decidedly negative take on two possible futures for Fisker Automotive: bankruptcy or a negotiated settlement to pay off the $170 million it owes in federal loans at a reduced rate. Neither sounds very good for the governor of the state that Jon LeSage

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Tesla loan payoff opens up takeover scenario, is Google interested? [w/video]

'Tesla needs to prove success is sustainable and that it is based on a solid financial foundation. If they do, they should be an appealing takeover target.'

Video
Following Tesla's good news, Fox conveniently forgets government loan

It's been a while since we've paid attention to Fox News attacking electric cars, but has it really been long enough for them to forget some pretty salient details? Looks like it has, according to a new video from Media Matters, which splices together clips from before Tesla Motors made its big profit announcement and the compan

Video
What $20 million means to both Tesla and Fisker

When is $20 million not equal to $20 million? When, for some, it's an interest payment and, for others, it's all someone else thinks they're worth. Here's how that one number means two totally different things to two different green car companies.

Official
Tesla pays back $465M DOE loan, Musk says 'I hope we did you proud'

We're willing to bet there are bottles of champagne popping all the way from Washington, DC to Palo Alto, CA today with the announcement that Tesla Motors has, as suspected, paid off the entirety of its $465-million Department of Energy loan.

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