The Truth About Cars » department of energy http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 04 Feb 2016 19:30:15 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » department of energy http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Princeton Optronics’ Laser Ignition Could Boost ICE’s Efficiency by 27% http://www.thetruthaboutcars.com/2015/02/princeton-optronics-laser-ignition-boost-ices-efficiency-27/ http://www.thetruthaboutcars.com/2015/02/princeton-optronics-laser-ignition-boost-ices-efficiency-27/#comments Fri, 27 Feb 2015 15:00:12 +0000 http://www.thetruthaboutcars.com/?p=1008890 A team at Princeton Optronics working on replacing conventional spark plugs with laser igniters has produced a running engine and they claim that replacing spark ignition with lasers could improve the efficiency of gasoline powered engines by 27%. Considering that the basic design of the spark plug hasn’t really changed in over a century, this […]

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A team at Princeton Optronics working on replacing conventional spark plugs with laser igniters has produced a running engine and they claim that replacing spark ignition with lasers could improve the efficiency of gasoline powered engines by 27%. Considering that the basic design of the spark plug hasn’t really changed in over a century, this […]

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Elio Motors Applies for $185 Million Dept of Energy ATVM Loan http://www.thetruthaboutcars.com/2014/10/elio-motors-applies-185-million-dept-energy-atvm-loan/ http://www.thetruthaboutcars.com/2014/10/elio-motors-applies-185-million-dept-energy-atvm-loan/#comments Mon, 27 Oct 2014 13:03:56 +0000 http://www.thetruthaboutcars.com/?p=936042 The most recent news out of the Elio Motors will provide grist for the rhetorical mills of both skeptics and enthusiasts of the startup car company. As we anticipated in our most recent post about Elio, the company has applied for a loan from the U.S. Department of Energy’s newly revived Advanced Technology Vehicles Manufacturing (ATVM) […]

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The most recent news out of the Elio Motors will provide grist for the rhetorical mills of both skeptics and enthusiasts of the startup car company. As we anticipated in our most recent post about Elio, the company has applied for a loan from the U.S. Department of Energy’s newly revived Advanced Technology Vehicles Manufacturing (ATVM) […]

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Gasoline Power To Dominate U.S. Highways Through 2040 http://www.thetruthaboutcars.com/2013/12/gasoline-power-to-dominate-u-s-highways-through-2040/ http://www.thetruthaboutcars.com/2013/12/gasoline-power-to-dominate-u-s-highways-through-2040/#comments Fri, 20 Dec 2013 13:30:56 +0000 http://www.thetruthaboutcars.com/?p=684682 The green warriors who hoped EVs and hybrids would be the dominate force on the highways of America may need to wait a bit longer: the United States Department of Energy predicts gasoline will be the fuel of a generation until at least 2040. In fact, the DOE’s Energy Information Administration states in a report […]

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The green warriors who hoped EVs and hybrids would be the dominate force on the highways of America may need to wait a bit longer: the United States Department of Energy predicts gasoline will be the fuel of a generation until at least 2040. In fact, the DOE’s Energy Information Administration states in a report […]

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Fisker Files For Chapter 11 Bankruptcy http://www.thetruthaboutcars.com/2013/11/fisker-files-for-chapter-11-bankruptcy/ http://www.thetruthaboutcars.com/2013/11/fisker-files-for-chapter-11-bankruptcy/#comments Mon, 25 Nov 2013 05:51:47 +0000 http://www.thetruthaboutcars.com/?p=663138 What do Justin Bieber, Ashton Kutcher and Al Gore all have in common? They may soon — baring a miracle — become the proud owners of the first orphan cars made in the 21st century for well-moneyed consumers by an automaker born in the 21st century, as Fisker Automotive has filed for Chapter 11 bankruptcy […]

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What do Justin Bieber, Ashton Kutcher and Al Gore all have in common? They may soon — baring a miracle — become the proud owners of the first orphan cars made in the 21st century for well-moneyed consumers by an automaker born in the 21st century, as Fisker Automotive has filed for Chapter 11 bankruptcy […]

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Fisker’s Dept of Energy Loan to be Auctioned Off Today http://www.thetruthaboutcars.com/2013/10/fiskers-dept-of-energy-loan-to-be-auctioned-off-today/ http://www.thetruthaboutcars.com/2013/10/fiskers-dept-of-energy-loan-to-be-auctioned-off-today/#comments Fri, 11 Oct 2013 19:39:06 +0000 http://www.thetruthaboutcars.com/?p=617561 The United States Department of Energy will today auction off Fisker Automotive’s loan from the federal government, on which the moribund hybrid car startup defaulted. Last month the department said that it would hold the auction after “exhausting any realistic possibility” that it could recoup all of the $168 million still that Fisker still owes. […]

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The United States Department of Energy will today auction off Fisker Automotive’s loan from the federal government, on which the moribund hybrid car startup defaulted. Last month the department said that it would hold the auction after “exhausting any realistic possibility” that it could recoup all of the $168 million still that Fisker still owes. […]

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EV Charging Station Maker Ecotality Files For Ch. 11 Bankruptcy, Potential Asset Sale http://www.thetruthaboutcars.com/2013/09/ev-charging-station-maker-ecotality-files-for-ch-11-bankruptcy-potential-asset-sale/ http://www.thetruthaboutcars.com/2013/09/ev-charging-station-maker-ecotality-files-for-ch-11-bankruptcy-potential-asset-sale/#comments Thu, 19 Sep 2013 16:46:18 +0000 http://www.thetruthaboutcars.com/?p=523489 EV charging system maker Ecotality has filed for Chapter 11 bankruptcy protection from its creditors, saying that it wants to sell its assets in an auction. The Associated Press is reporting that Ecotality might be forced to sell or file for bankruptcy after the U.S. government suspended payments as part of the Department of Energy EV […]

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EV charging system maker Ecotality has filed for Chapter 11 bankruptcy protection from its creditors, saying that it wants to sell its assets in an auction. The Associated Press is reporting that Ecotality might be forced to sell or file for bankruptcy after the U.S. government suspended payments as part of the Department of Energy EV […]

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U.S. Dept. of Energy to Auction Off Fisker Loan http://www.thetruthaboutcars.com/2013/09/u-s-dept-of-energy-to-auction-off-fisker-loan/ http://www.thetruthaboutcars.com/2013/09/u-s-dept-of-energy-to-auction-off-fisker-loan/#comments Wed, 18 Sep 2013 11:30:43 +0000 http://www.thetruthaboutcars.com/?p=522241 The United States Department of Energy has announced on its website that it will auction off the loan that it made to Fisker Automotive, a loan for which the hybrid luxury startup carmaker only repaid a small fraction of the principal. Peter Davidson, the executive director of the department’s Loan Program Office, told Automotive News that the […]

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The United States Department of Energy has announced on its website that it will auction off the loan that it made to Fisker Automotive, a loan for which the hybrid luxury startup carmaker only repaid a small fraction of the principal. Peter Davidson, the executive director of the department’s Loan Program Office, told Automotive News that the […]

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U.S. Dept. of Energy to Resume ATVM Alternative Vehicle Loan Program http://www.thetruthaboutcars.com/2013/08/u-s-dept-of-energy-to-resume-atvm-alternative-vehicle-loan-program/ http://www.thetruthaboutcars.com/2013/08/u-s-dept-of-energy-to-resume-atvm-alternative-vehicle-loan-program/#comments Wed, 28 Aug 2013 15:38:07 +0000 http://www.thetruthaboutcars.com/?p=501553 Though it has been criticized by those who oppose government financing of business, in part because of the failure of Fisker, one of the recipients of the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing loan program, the DoE has announced that it will resume marketing the ATVM to industry and possible applicants. About 60% […]

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Though it has been criticized by those who oppose government financing of business, in part because of the failure of Fisker, one of the recipients of the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing loan program, the DoE has announced that it will resume marketing the ATVM to industry and possible applicants. About 60% […]

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Has the Dept of Energy’s Advanced Technology Vehicle Manufacturing Program Been a Failure? Not Really http://www.thetruthaboutcars.com/2013/05/has-the-dept-of-energys-advanced-technology-vehicle-manufacturing-program-been-a-failure-not-really/ http://www.thetruthaboutcars.com/2013/05/has-the-dept-of-energys-advanced-technology-vehicle-manufacturing-program-been-a-failure-not-really/#comments Sat, 18 May 2013 22:35:38 +0000 http://www.thetruthaboutcars.com/?p=488881 Critics of the current administration have pointed to the impending bankruptcy of Fisker Automotive and the recent suspension of operations at taxi maker Vehicle Production Group as examples of why the government shouldn’t be picking winners and losers in it’s zeal to promote alternative energy. The DoE effort under which those two companies received financing is […]

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Critics of the current administration have pointed to the impending bankruptcy of Fisker Automotive and the recent suspension of operations at taxi maker Vehicle Production Group as examples of why the government shouldn’t be picking winners and losers in it’s zeal to promote alternative energy. The DoE effort under which those two companies received financing is […]

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DoE Gets Some Money Out Of Fisker http://www.thetruthaboutcars.com/2013/04/doe-gets-some-money-out-of-fisker/ http://www.thetruthaboutcars.com/2013/04/doe-gets-some-money-out-of-fisker/#comments Tue, 23 Apr 2013 14:44:15 +0000 http://www.thetruthaboutcars.com/?p=485999 The U.S. government has managed to recover $21 million in cash from Fisker, funds that will go towards repaying the nearly $200 million its received from the government in the form of loans. Automotive News reports that the funds came from sales and private investment, rather than unused loan money. Reports say that Fisker’s emergency fund was […]

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The U.S. government has managed to recover $21 million in cash from Fisker, funds that will go towards repaying the nearly $200 million its received from the government in the form of loans. Automotive News reports that the funds came from sales and private investment, rather than unused loan money. Reports say that Fisker’s emergency fund was […]

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VC Firms Expected To Take A Billion Dollar Bath On Fisker http://www.thetruthaboutcars.com/2013/04/vc-firms-expected-to-take-a-billion-dollar-bath-on-fisker/ http://www.thetruthaboutcars.com/2013/04/vc-firms-expected-to-take-a-billion-dollar-bath-on-fisker/#comments Thu, 18 Apr 2013 12:30:13 +0000 http://www.thetruthaboutcars.com/?p=485266 PrivCo, a private corporate intelligence firm, has published a 20+ page dossier on Fisker’s seemingly strong ability to fundraise for itself, while failing to do a good job of actually creating cars. With Fisker teetering on the verge of bankruptcy, the results are staggering; with just under 2000 units sold, Fisker burned through an estimated […]

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PrivCo, a private corporate intelligence firm, has published a 20+ page dossier on Fisker’s seemingly strong ability to fundraise for itself, while failing to do a good job of actually creating cars. With Fisker teetering on the verge of bankruptcy, the results are staggering; with just under 2000 units sold, Fisker burned through an estimated […]

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Issa Wants House To Investigate Fisker Loan http://www.thetruthaboutcars.com/2013/04/issa-wants-house-to-investigate-fisker-loan/ http://www.thetruthaboutcars.com/2013/04/issa-wants-house-to-investigate-fisker-loan/#comments Thu, 11 Apr 2013 11:00:03 +0000 http://www.thetruthaboutcars.com/?p=484309 California Congressman Darrell Issa wants to investigate the Department of Energy’s loans to nearly-bankrupt Fisker after the company laid off most of its employees and retained bankruptcy lawyers last week. According to Bloomberg, Issa is concerned that Fisker’s loan may have prevented other, more deserving companies from getting the money, stating “[Fisker] is a design […]

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California Congressman Darrell Issa wants to investigate the Department of Energy’s loans to nearly-bankrupt Fisker after the company laid off most of its employees and retained bankruptcy lawyers last week. According to Bloomberg, Issa is concerned that Fisker’s loan may have prevented other, more deserving companies from getting the money, stating “[Fisker] is a design […]

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Fisker: How To Light $529 Million On Fire http://www.thetruthaboutcars.com/2013/04/fisker-how-to-light-529-million-on-fire/ http://www.thetruthaboutcars.com/2013/04/fisker-how-to-light-529-million-on-fire/#comments Fri, 05 Apr 2013 16:55:28 +0000 http://www.thetruthaboutcars.com/?p=483769 Fisker has laid off nearly all of its rank and file employees. Reuters reports that 160 people were out of a job as of today, while 53 senior employees will stay on, apparently to help find a buyer for Fisker’s assets. Fisker is also hoping to re-negotiate a loan payment to the Department of Energy, […]

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Fisker has laid off nearly all of its rank and file employees. Reuters reports that 160 people were out of a job as of today, while 53 senior employees will stay on, apparently to help find a buyer for Fisker’s assets. Fisker is also hoping to re-negotiate a loan payment to the Department of Energy, […]

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Geely No Longer Interested In Fisker http://www.thetruthaboutcars.com/2013/03/geely-no-longer-interested-in-fisker/ http://www.thetruthaboutcars.com/2013/03/geely-no-longer-interested-in-fisker/#comments Mon, 18 Mar 2013 14:39:09 +0000 http://www.thetruthaboutcars.com/?p=481592 Fisker is still likely to be rescued by a Chinese savior, but it won’t be Geely. Reuters is reporting that Fisker’s outstanding obligations to the Department of Energy have scared off the Chinese auto maker, leaving Dongfeng as the sole suitor for the beleagured EV maker. According to Reuters, the strings attached to the $529 […]

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Fisker is still likely to be rescued by a Chinese savior, but it won’t be Geely. Reuters is reporting that Fisker’s outstanding obligations to the Department of Energy have scared off the Chinese auto maker, leaving Dongfeng as the sole suitor for the beleagured EV maker. According to Reuters, the strings attached to the $529 […]

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Tesla To Pay Down DoE Loan In 5 Years Or Less http://www.thetruthaboutcars.com/2013/02/tesla-to-pay-down-doe-loan-in-5-years-or-less/ http://www.thetruthaboutcars.com/2013/02/tesla-to-pay-down-doe-loan-in-5-years-or-less/#comments Wed, 27 Feb 2013 17:27:45 +0000 http://www.thetruthaboutcars.com/?p=479331 Tesla announced plans to pay down their $465 million dollar Department of Energy loan in 5 years or less, as Tesla seeks to achieve profitability. Automotive News reported on comments made by Tesla CEO Elon Musk while attending a conference in the Washington, D.C. area That loan currently must be repaid within 10 years, Musk […]

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Tesla announced plans to pay down their $465 million dollar Department of Energy loan in 5 years or less, as Tesla seeks to achieve profitability. Automotive News reported on comments made by Tesla CEO Elon Musk while attending a conference in the Washington, D.C. area That loan currently must be repaid within 10 years, Musk […]

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Workers At LG Chem Plant On Furlough As Green Jobs Wilt http://www.thetruthaboutcars.com/2012/10/workers-at-lg-chem-plant-on-furlough-as-green-jobs-wilt/ http://www.thetruthaboutcars.com/2012/10/workers-at-lg-chem-plant-on-furlough-as-green-jobs-wilt/#comments Fri, 19 Oct 2012 18:56:03 +0000 http://www.thetruthaboutcars.com/?p=464258 Workers at an LG Chem plant in Holland, Michigan have already been put on furlough before a single battery has come off the line. Workers have three weeks of paid “work”, and one week off unpaid at the $300 million plant. As early as 2010, the Holland plant was touted by President Obama as the […]

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Workers at an LG Chem plant in Holland, Michigan have already been put on furlough before a single battery has come off the line. Workers have three weeks of paid “work”, and one week off unpaid at the $300 million plant. As early as 2010, the Holland plant was touted by President Obama as the […]

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Romney Dubs Tesla, Fisker As “Losers”, As Tesla Issues Stock To Stay Afloat http://www.thetruthaboutcars.com/2012/10/romney-dubs-tesla-fisker-as-losers-as-tesla-issues-stock-to-stay-afloat/ http://www.thetruthaboutcars.com/2012/10/romney-dubs-tesla-fisker-as-losers-as-tesla-issues-stock-to-stay-afloat/#comments Thu, 04 Oct 2012 17:53:33 +0000 http://www.thetruthaboutcars.com/?p=462728 Viewers of last night’s Presidential debate may have caught Mitt Romney bad-mouthing Tesla and Fisker during his remarks. Meanwhile, Tesla’s new prospectus shows that they’re hardly out of the woods yet, financially speaking. Last night, Gov. Romney delivered this barb to President Obama “You put $90 billion — like 50 years’ worth of breaks — […]

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Viewers of last night’s Presidential debate may have caught Mitt Romney bad-mouthing Tesla and Fisker during his remarks. Meanwhile, Tesla’s new prospectus shows that they’re hardly out of the woods yet, financially speaking. Last night, Gov. Romney delivered this barb to President Obama “You put $90 billion — like 50 years’ worth of breaks — […]

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Tesla To Pay Back DOE Loans By Year End http://www.thetruthaboutcars.com/2012/05/tesla-to-pay-back-doe-loans-by-year-end/ http://www.thetruthaboutcars.com/2012/05/tesla-to-pay-back-doe-loans-by-year-end/#comments Mon, 14 May 2012 12:46:12 +0000 http://www.thetruthaboutcars.com/?p=444307 Tesla Motors has almost used up funds from a Department of Energy loan program – but the startup car maker also says that they’ll start paying back the money at the end of 2012. Regulatory filings made by Tesla show that the company still has nearly $104.5 million in DOE money left over, and claims […]

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Tesla Motors has almost used up funds from a Department of Energy loan program – but the startup car maker also says that they’ll start paying back the money at the end of 2012. Regulatory filings made by Tesla show that the company still has nearly $104.5 million in DOE money left over, and claims […]

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Coda Withdraws DOE Loan Request Worth $334 Million http://www.thetruthaboutcars.com/2012/04/coda-withdraws-doe-loan-request-worth-334-million/ http://www.thetruthaboutcars.com/2012/04/coda-withdraws-doe-loan-request-worth-334-million/#comments Thu, 26 Apr 2012 20:57:58 +0000 http://www.thetruthaboutcars.com/?p=441765 Coda Automotive withdrew a Department of Energy loan application after two years of waiting. The $334 million loan was supposed to have gone towards establishing an assembly plant in Columbus, Ohio, but for now, production will continue in China. The plant would have created as many as 2,000 jobs, but the DOE’s stalling means that […]

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Coda Automotive withdrew a Department of Energy loan application after two years of waiting. The $334 million loan was supposed to have gone towards establishing an assembly plant in Columbus, Ohio, but for now, production will continue in China. The plant would have created as many as 2,000 jobs, but the DOE’s stalling means that […]

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Ford PR: “We are also going to pay back our loans unlike other companies” http://www.thetruthaboutcars.com/2009/11/ford-pr-we-are-also-going-to-pay-back-our-loans-unlike-other-companies/ http://www.thetruthaboutcars.com/2009/11/ford-pr-we-are-also-going-to-pay-back-our-loans-unlike-other-companies/#comments Wed, 11 Nov 2009 04:50:32 +0000 http://www.thetruthaboutcars.com/?p=334912 Responding to TTAC commentator Ohsnapback, Ford’s Communications rep defended his employer’s turnaround plan. “At Ford we have never said that we have won the battle already,” Jay Ward wrote. “Just that we are making considerable progress against our plan. You are right that the job is not done, but the evidence so far is overwhealmingly […]

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Responding to TTAC commentator Ohsnapback, Ford’s Communications rep defended his employer’s turnaround plan. “At Ford we have never said that we have won the battle already,” Jay Ward wrote. “Just that we are making considerable progress against our plan. You are right that the job is not done, but the evidence so far is overwhealmingly […]

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