DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives
Green Car Congress
MARCH 7, 2012
Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program. —William Li.
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