Feds Revising Advanced-Vehicle Loan Program

Newswire

By Ayesha Rascoe WASHINGTON, April 2 (Reuters) - The Obama administration said on Wednesday it has revised its review process for advanced vehicle loans, hoping to jump-start a stalled program that still has more $16 billion in available funding. The Department of Energy (DOE) sent a letter to the Motor and Equipment Manufacturers Association on Wednesday to clarify that a wide range of component makers would be eligible for loans through the program, as well as outlining measures to improve ...

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