A company that received $50 million in loans from the Department of Energy has shut down, according to its former chief executive officer.
The US Government Accountability Office (GAO) is questioning why Department of Energy (DOE) loan funds are not paying out as planned. The participation hurdle is high, and there's about $16.6 billion in green vehicle loan appropriations going unused, the GAO found.
On the electric car front, Dan Senor has failed.
Is conservative ire at plug-in cars shifting (slowly) from the Chevrolet Volt to Fisker Automotive? A new attack ad targeting President Obama certainly brings the California-based automaker further into the political fight – following Fisker ex-chair's comments about Mitt Romney – by making insinuations that the DOE is spending money to create jobs in Finland. As regular readers know, this isn't true, even though there is a connection between Fisker and Finland because that's where V
Looks like things that were bad with Ener1 (and the Think City electric car) are about to go to worse. After a string of bad news (see here, here, here and here), the latest shoe to drop is the news that the NASDAQ suspended Ener1 from the stock exchange. The fight has apparently gone out of Ener1, since the company said it has no plans to appeal and will thus be permanently delisted from NASDAQ. The stock (previously HEV and now HEVV), which used to trade at over $4 a share, will now be "penny-
One of the many, many contentious issues that make up the ongoing pointless battles between the Democrats and Republicans in Washington, D.C. is the Solyndra case, about how the now-bankrupt solar-power company got loan guarantees. Republicans say the Obama Administration pushed the loans through in a less-than-honest manner. The Administration and the DOE say everything was aboveboard.