No Fed Loan for V-Car in “Foreseeable Future”

A Department of Energy Advanced Vehicle Technology Manufacturing (AVTM) loan for the controversial V-Vehicle Company won’t be approved any time soon, according to a Michael DeVault story in the Ouachita Citizen.

The story quotes Ebony Meeks, a spokesperson for the Department of Energy, as saying, “I don’t know whose wires got crossed where, but we currently have no plans to announce any approvals of ATVM loans in the foreseeable future.”

Fifth District Congressman Rodney Alexander had said last week that the loan approval was imminent.

Failure to obtain the loan could likely doom the project.