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Stricter Loan Policies Spurred by Fisker Fiasco
Fisker is all but wiped from the automotive landscape, and more information about the Energy Departments loan criteria is surfacing in the wake of the failure. In total, the Obama administration’s...
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Tesla Aims to Repay Government by Wednesday
Elon Musk, Tesla’s ever enigmatic CEO, announced over Twitter that the company will likely repay its government debt by Wednesday, May 22. “Given govt loan repayment this week (prob Wed),...
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Tesla Repays Government Loan Nine Years Early
As expected, Tesla has repaid its government loan nine years early, becoming the first American automaker to have paid back the government. Originally awarded a loan by the Department of Energy in...
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ALABC UltraBattery Hybrid Surpasses 100,000 Miles of Testing
A North Caolina-based group is trying to prove that nickel-metal hydride batteries are viable for hybrid vehicles. As developments in lithium-ion battery technology continues at a slow pace, the...
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Challenge to Selling E15 Fuel Declined by Court
The U.S. Supreme Court refused to hear a challenge today by major automakers and other groups to reverse the U.S. Environmental Protection Agency’s decision regarding E15 fuel. The group argues that...
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Alternative Vehicle Loan Program Coming Back Online
Despite criticism by Republican lawmakers, the Department of Energy loan program designed to encourage alternative vehicles is ready to resume. A total of $15 billion, or roughly 60 percent of the...
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AM General Gains Control of VPG Autos
AM General has agreed to purchase VPG Autos the maker of the MV-1. The what? By who? Allow us to explain. The MV-1 is the world’s only vehicle designed from the ground up with wheelchair accessibility...
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Used Car MPG Window Stickers Available From EPA
The U.S. Department of Energy and the EPA have released a new online tool to print your own window sticker showing off your vehicle’s fuel economy figures. Obviously a benefit to used car sales,...
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Hong Kong Investor Likely to Buy Fisker
The likely winner of the U.S. Department of Energy loan for Fisker is an investor group led by Hong Kong’s Richard Li. Li, who is the youngest son of Asia’s richest man, is an early Fisker investor...
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Government Looking to Fund Aluminum Production
Demand for aluminum in automotive production is at an all-time high, and the U.S. government is looking to assist. The U.S Department of Energy has proposed lending Alcoa Inc. money in order to expand...
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Department of Energy Commits $20M to Hydrogen Infrastructure
The U.S. Department of Energy is hoping $20 million will help kick start the country’s hydrogen infrastructure. The DOE has committed $20 million in grants, helping invigorate 10 different development...
View ArticleDepartment of Energy Loans Alcoa $259 M
Alcoa will borrow $259 million from the U.S. Department of Energy to expand its automotive aluminum sheet production capacity. The loan will mark the first time that a supplier has accessed money...
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