35 Articles
Ford gets first DoE loan, Nissan and Tesla expected winners

Ford Focus EV Mule - Click above for high-res gallery

REPORT: Nissan considering building EVs and batteries in the U.S.

Nissan EV-02 prototype - click above for high res image gallery

REPORT: Nissan considering building EVs and batteries in the U.S.

Nissan EV-02 prototype - click above for high res image gallery

U.S. Department of Energy funding for Chevy Volt on hold

Aside from the bridge loans supplied to GM by the federal government, GM had applied for $10.3 billion from the Energy Department. Of that amount, $2.6 billion was meant to be devoted to building the Chevy Volt and two derivatives of it, as well as a third hybrid model. May is when the Energy Department will begin approving those loan requests.

No DOE ATVM loan money for GM and Chrysler

The same rules that could potentially end up keeping Tesla from qualifying for low interest loans from the Department of Energy Advanced Technology Vehicle Manufacturing Incentive Program are also keeping General Motors and Chrysler out of the running. In order to qualify for the loan program, an applicant must put up matching equity funds and demonstrate financial viability. Based on the Obama administration's evaluation of the automakers viability plans last week, neither company qualifies rig

GM asking Department of Energy for $2.6 billion to build hybrids?

Click above for high-res image gallery of the 2011 Chevy Volt

Aptera to go to Washington to fight for DOE loans

click above for a high res gallery of the Aptera

A little sunlight on the Nissan DOE loan: it's for EVs

Automotive News has answered the question why Nissan applied for that DOE loan program: electric cars and advanced batteries, despite the lack of plans for development in the mid-term. Nissan hasn't confirmed the amount of money it wants to borrow even though the application was sent in in December. It wasn'

Tesla to unveil Model S on March 26, hopes for DOE money by summer

In a newsletter distributed today by Tesla Motors, CEO Elon Musk provides an update on the business including an announcement that a driveable prototype of the Model S would be unveiled on March 26. The Model S reveal will take place at the Southern California headquarters of Musk's other company, Space-X, which is where Tesla's design studio is located. According to ex-Tesla SVP Darryl Siry who refused to show us images of the car no matter how much we begged before his departure, "the Model S

Tesla to unveil Model S on March 26, hopes for DOE money by summer

In a newsletter distributed today by Tesla Motors, CEO Elon Musk provides an update on the business including an announcement that a driveable prototype of the Model S would be unveiled on March 26. The Model S reveal will take place at the Southern California headquarters of Musk's other company, Space-X, which is where Tesla's design studio is located. According to ex-Tesla SVP Darryl Siry who refused to show us images of the car no matter how much we begged before his departure, "the Model S

Nissan seeks U.S. loans to develop electric vehicles

Nissan is the first Japanese automaker to confirm that it has asked for funds from the U.S. Department of Energy. The amount of the request is not yet known, but it would be used to upgrade Nissan's assembly plant in Smyrna, TN and would ostensibly be used to develop electric cars and the batteries that power them. Nissan's longstanding goal is to introduce fully electric vehicles to the American market in 2010. The other two big Japanese automakers, Toyota and Honda, say that they have not soug

Nissan applies for DOE loan program, purpose unknown

To date there have been 75 applications for low cost loans from the US Department of Energy through the Advanced Technology Vehicles Manufacturing Incentive Program. Only one of those has been from a Japan-based automaker, Nissan. The ATVMIP is the $25 billion fund created as part of the 2007 energy bill to help automakers and suppliers pay for the costs of developing and tooling to build more efficient vehicles that meet the new CAFE requirements.

AFS Trinity updates PHEV crossover, applies for $2.5B loan from DOE

Click above for high-res gallery of the AFS Trinity prototypes

EnerDel has applied for $480 million in federal loans to crank up battery production

Lithium ion battery maker EnerDel wants to tap into some of the $25 billion that Congress set aside to help fund advanced vehicle manufacturing in the 2007 energy bill. EnerDel has applied for low interest loans totaling $480 million to help fund the construction of manufacturing capacity for batteries. Automotive scale battery manufacturing is limited today, particularly in the US. Right now EnerDel is the only US company making automotive lithium batteries at facilities in Indianapolis and Nob

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