Loan Program That Backed Tesla, Fisker to Be Revived by U.S.
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A U.S. alternative-vehicle loan program criticized by Republican lawmakers for financing two failed startups will resume marketing to industry groups and possible applicants, an Energy Department spokeswoman said.
The $25 billion Advanced Technology Vehicle Manufacturing loan program has about 60 percent of its funding remaining and is open after making no loans since 2011, said Aoife McCarthy, a spokeswoman for the agency that administers the program created in 2008 by President George W. Bush’s administration.