The Energy Department conceded Friday that the federal
government will lose $42 million on a loan to a shuttered Michigan van
manufacturer — part of the same program that provided a
$529 million loan to an electric car maker that also has gone under.
Vehicle Production Group (VPG), which made vans for
the disabled, ceased operations in February and laid off 100 workers, two years
after receiving a $50 million federal loan under the same
clean-energy program that provided a $529 million loan to electric car maker Fisker Automotive Inc., according to the Associated
Press…..To Read More….
No comments:
Post a Comment