Another company out of the running for Obama’s ‘green car’ program

One of the handful of remaining contenders to win the Obama administration's funding to build "green" cars is out of the running.

Carbon Motors announced Wednesday afternoon that the Department of Energy has turned down the company's application for a $335 million loan to build fuel-efficient police vehicles in a Indiana town hard-hit by unemployment. The news comes 30 months after the company first applied under a special green car loan program.

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Karen DeYoung 08 Mar, 2012


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Source: http://feeds.washingtonpost.com/click.phdo?i=67860c9e64bcb0e10829e2c7970e72d6
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