What do Carbon Motors’ BMW-powered police car, Aptera Motors’ electric three wheeler, and Fisker’s luxury sedan have in common? Two things: they asked the government for loans, and they’re dead, as are more than half of the car companies who sought loans, according to documents obtained via a Freedom of Information Act request by Jalopnik.P
Of the 18 existing or would-be carmakers we identified as having applied for loans under the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing program, 10 have since faded into bankruptcy or ceased operations … More