atvmp loan

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 ...

If you worry that you might lose $10 billion but then only lose $3 billion, is that a success? That's the current fiscal reality of the Department of Energy's advanced energy projects loan guarantee program, the one that most people know simply because it gave a loan guarantee to Solyndra, which ...

Today, General Motors basically told the U.S. government: we're doing fine. It did this by withdrawing its $14.4 billion loan request from the Department of Energy (DOE) through the Advanced Technology Vehicles Manufacturing Loan Program (ATVMP). The withdrawl request was conveyed to the DOE this ...

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 ...

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, $465 milion to Tesla and $5.9 billion to Ford. Add them all up, and you get to around $8.3 billion. That might sound ...

Coda Holdings, the company behind the all-electric Coda Sedan, announced today that is has raised another $76 million. The money was raised in a Series D referred investment round, which has now closed, and brings Coda's total invested ...

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 ...

Back in January, when we heard that the Department of Energy (DOE) had completed the paperwork for its $1.4 billion loan to Nissan, we accidentally worried a few people by using DOE-speak in the headline: "DC 2010: DOE Secretary Chu announces ...

We have yet to see anything more from V-Vehicle Co. – the secretive start-up automaker that came out of stealth mode last summer with a big plan to build high-mileage, environmentally friendly vehicles – than the teaser image you see above and a short video (watch it here). We heard ...

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 the ...