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DoE Program That Funded Tesla, Fisker To Restart; Alcoa In Line For Loan?

DoE Program That Funded Tesla, Fisker To Restart; Alcoa In Line For Loan?

It's baaaaaaaaack. The U.S. Department of Energy's $25 billion low-interest loan program may be about to start awarding new loans. The DoE's Advanced Technology Vehicle Manufacturing (ATVM) program endured intense political criticism for funding not only electric-car maker Tesla Motors but also... read more

October 10, 2014 by  -
 
2009 Fisker Karma prototype

Energy Department To Sell Its Fisker Loan: Kickstarter, Anyone?

That sound you heard yesterday was the other shoe dropping. The U.S. Department of Energy is offering its loan to Fisker Automotive for sale to the highest bidder, with a... read more September 18, 2013 by 


 
2009 Fisker Karma prototype

Signed Offer For Fisker Automotive Sent To Energy Department

The fate of Fisker Automotive has been hanging for months, but now an offer for the company has been "signed" and is "on the table." At least that's the word from Ingo Voigt... read more September 12, 2013 by 


 
VPG MV-1

AM General Buys VPG, Defunct Natural-Gas Handicapped Van Maker

Less than a year ago, Vehicle Production Group seemed a success: The startup maker had built 2,500 MV-1 handicapped vans in a year, about one-quarter of them powered by... read more September 11, 2013 by 


 
'Revenge of the Electric Car' premiere: Elon Musk arrives in a Tesla Roadster

Tesla Repays $465-Million DoE Loan, Chrysler Bites Back At Claim

Ah, politics. Yesterday, Tesla paid off the balance of its U.S. government loan, using proceeds from its $1 billion-plus offering of stock and warrants last week, as CEO Elon... read more May 23, 2013 by  19


 
Battery pack assembly at Nissan plant in Smyrna, Tennessee

How Are Electric-Car Batteries Made? Photos From Nissan's New Plant

Making a battery for an electric car is more like assembling microelectronics than the kind of auto-plant scenes we think of, involving huge steel stamping presses and... read more May 20, 2013 by  1


 
Elon Musk signs new 2013 Tesla Model S at Tesla Store opening, Austin, Texas [photo: John Griswell]

Can Tesla Raise More Than $1 Billion On Soaring Stock Price?

Investors in startup electric-car maker Tesla Motors [NSDQ:TSLA] have had quite the wild ride lately. Following its first-ever profitable quarter, with its share price... read more May 19, 2013 by  15


 
VPG MV-1

DoE Fear After Fisker Fiasco Caused Death Of VPG, Ex-CEO Says

The ex-CEO of a now-defunct automaker that received a federal loan said his company would still be in business if the government were not afraid of backlash like that... read more May 15, 2013 by  1


 
VPG MV-1

VPG Shuts Down; Startup Van Maker Was Backed By DoE Loans

While Tesla Motors [NSDQ:TSLA] is on a roll--with a rave review from Consumer Reports and a profitable quarter--other startup automakers aren't faring so well. And now... read more May 9, 2013 by  5


 
Henrik Fisker

As Predicted, Fisker Execs & DoE Get Roasted In House Hearing

Fisker Automotive CEO Tony Posawatz didn't attend yesterday's House committee hearing on the company's loan from the U.S. Department of Energy. He's out desperately seeking... read more April 25, 2013 by  7


 
Henrik Fisker

Fisker Misses DoE Loan Payment; House Hearing Tomorrow

The fortunes of the two highest-profile electric-car startups couldn't be diverging more starkly today. Yesterday, Fisker Automotive failed to make a payment of $10 million... read more April 23, 2013 by  18


 
Henrik Fisker

Is Fisker The Most Tragic VC-Backed Debacle In Recent History?

In January 2005, legendary car designer Henrik Fisker founded a company to bring innovative new thinking to the automobile industry. Between that date and today, Fisker... read more April 18, 2013 by  10


 
Tesla Model S

Tesla Will Repay Its Energy Department Loans By 2017, It Says

What a difference a few years makes. Startup electric-car maker Tesla Motors [NSDQ:TSLA] said it will repay its $465 million in low-interest loans from the U.S. Department of... read more March 8, 2013 by  3


 
2013 Nissan Leaf Spy Shots

Nissan Builds First Lithium-Ion Cells For 2013 Leaf Electric Car (Video)

Just two years after the first Nissan Leaf was sold in the U.S., Nissan said today it has opened a plant in Smyrna, Tennessee, to fabricate lithium-ion cells for electric-car... read more December 12, 2012 by  7


 
2012 Fisker Karma in Costco parking lot, Santa Monica, California [photo: Chris Williams]

Will Fisker Ask For Rest Of Its Stalled DoE Low-Interest Loan?

For Fisker Automotive these days, no news is probably good news. Its latest CEO, Tony Posawatz, has been at the helm for four months now. And Fisker is putting all its... read more December 6, 2012 by  6


 
XP Technology concept vehicle

Rejected For Loans Tesla Got, Inflatable Car Firm Sues DoE 3 Years Later

Oh, those DoE loans. They arose in the recent U.S. presidential debate--not just once or twice, but three times--and continue to generate debate. So here's more fuel for the... read more November 26, 2012 by  5


 
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