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#DOE
Department 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.
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.
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.
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.
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.
Department of Energy Reclaims $21M From Fisker
The U.S. Department of Energy recovered $21 million from Fisker Automotive, the floundering company behind the Karma plug-in hybrid luxury car.
Government Backs Away From Million EV Goal for 2015
The U.S. Department of Energy (DOE) is backing away from its previously announced plan to see 1 million electric cars on U.S. roads by 2015, saying the timeline isn’t really all that important.