Energy Department Revives Fuel-efficient Vehicle Loan Program - March 26, 2015 - Wsj.com

[goofyone]

The ATVM loan program is officially alive again and has now conditionally approved its first loan since 2011.

http://www.autonews.com/article/201...59-million-u-s-loan-to-expand-aluminum-output

 

[aknaten]

The ATVM loan program is officially alive once again and has conditionally approved its first loan since 2011.

http://www.wsj.com/articles/energy-department-revives-fuel-efficient-vehicle-loan-program-1427342461

Is Alcoa a fuel-efficient vehicle company? (Can't read the full article -- need a subscription to do so.)

 

[goofyone]

Is Alcoa a fuel-efficient vehicle company? (Can't read the full article -- need a subscription to do so.)

Changed article source so it should work for everyone now. The ATVM loan programs covers automotive suppliers as well and Alcoa is an automotive supplier.

 

[Lil4X]

If I'm reading the article right, it seems to indicate a DOE interest in light weight vehicles. Obviously EM's product qualifies, but the fuel consumption advantages (you would think the FIRST consideration in the ATVM program) are far broader. Weight, fuel efficiency, and aerodynamics all contribute to the Elio's reduced thirst for fossil fuels. Seeing as the greatest impact on the nation's fuel consumption would be found in reducing commuter fuel consumption, EM is right in the sweet spot for answering the Department's mandate.

 

[Gas-Powered Awesome]

First loan of the rejuvenated loan program meant to promote new ideas goes to an established, giant, global corporation with $24 billion in revenue and nearly $2 Billion in cash-on-hand!

Makes sense, they need the loan.


Wait, no it doesn't. Corporate welfare.

 

[Lil4X]

Support your local PAC.

 

[JEBar]

to me, seeing that loans are being approved is a good thing .... hopefully EM is in the pipeline .... with the mega negative publicity from some major bad loans, I can see the wisdom in extending the first loan to an established business that has a low chance of going belly-up

 

[Gas-Powered Awesome]

Alcoa spends about $2,000,000.00 a year buying Congressmen.
http://www.opensecrets.org/orgs/summary.php?id=D000031387&cycle=2014
Good investment.

 

[RKing]

OFF Topic (there goes a squirrel ),,just thingin out loud
Wonder what the Elio steel chassis weighs?? If Aluminum instead of steel .... MOre $$$, More reengineering, less weight.. they probably went thru that already , nevermind. Would be SUPER COOL with all aluminim farme

 

[BlioKart]

OFF Topic (there goes a squirrel ),,just thingin out loud
Wonder what the Elio steel chassis weighs?? If Aluminum instead of steel .... MOre $$$, More reengineering, less weight.. they probably went thru that already , nevermind. Would be SUPER COOL with all aluminim farme

I see your aluminum and raise you carbon fiber