Chrysler Withdraws Application for D.O.E Loan

Chrysler Withdraws Application for D.O.E Loan
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Chrysler has announced the withdrawal of its Advanced Technology Vehicles Manufacturing (ATVM) loan from the U.S. Department of Energy. A loan signed in 2007 by former President George W. Bush, the ATVM program was designed to provide financial aid to companies to pursue development of advanced, high-mileage power train technologies in order to reduce dependence on… Continue Reading...