Technology Vehicles Loan Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

rselak@tribtoday.com LORDSTOWN — Lordstown Motors Corp. will begin due diligence with the U.S. Department of Energy to secure a loan the upstart electric truck maker would use to support the launch and production of its Endurance pickup. The company announced Wednesday it advanced to the next stage of the application process in the Advanced Technology Vehicles Loan Program, created in 2007 to foster production of fuel-efficient vehicles. Moving on, however, is not an assurance the company will secure a loan through the program that already has given billions to the likes of Ford, Tesla and ...

LORDSTOWN — Lordstown Motors Corp. will begin due diligence with the U.S. Department of Energy to secure a loan the upstart electric truck maker would use to support the launch and production of its Endurance pickup. The company announced Wednesday it advanced to the next stage of the application process in the Advanced Technology Vehicles Loan Program, created in 2007 to foster production of fuel-efficient vehicles. Moving on, however, is not an assurance the company will secure a loan through the program that already has given billions to the likes of Ford, Tesla and Nissan. “As we’ve...

LORDSTOWN — A trio of Democratic U.S. lawmakers from Ohio are urging congressional appropriators to keep intact a loan program considering an application from upstart electric truck company Lordstown Motors Corp. They say cutting money from or eliminating the Advanced Technology Vehicles Loan Program in any year-end government funding legislation would harm investment in manufacturing across the U.S. and particularly in Lordstown, where Lordstown Motors is preparing a former General Motors assembly plant to produce electric pickup trucks. The government is operating on a continuing resoluti...