Unsuccessful Applications
- A loan request under this program was denied for Carbon Motors Corporation in March 2012 after the latter had spent 2 years prior addressing the DOE's concerns.
- Aptera Motors' initial application was denied because its product was a three-wheeled vehicle; the wording on the program was modified to allow high-mileage three-wheelers and Aptera reapplied, however the company went out of business before the DOE responded to their second application.
- Bright Automotive, who filed their application in 2008, went out of business in March 2012 after waiting 4 years for the DOE to respond and being unable to sustain continued operations.
Read more about this topic: Advanced Technology Vehicles Manufacturing Loan Program
Famous quotes containing the word unsuccessful:
“Pan had been amongst them—not the great god Pan, who has been buried these two thousand years, but the little god Pan, who presides over social contretemps and unsuccessful picnics.”
—E.M. (Edward Morgan)