Energy Department auto loan program sputters

By Ronnie Greene

A $25 billion Department of Energy loan program has not closed a loan in two years amid the specter of Solyndra.

Excerpts from this story referencing "Energy":

"… z, the Loan Programs Office’s acting executive director. …"

"… Accountability Office report, rekindle questions over how effectively the Energy Department picks winners and losers for its lucrative green Energy portfol …"

"… yet $4.2 billion remains in that pool of money, the GAO report said. The Energy Department does not expect to issue any more loans under a program once pi …"

"… ilable under the ATVM loan program,” the GAO’s Frank Rusco wrote. The Energy Department told auditors it had seven ATVM applications on file, totaling …"

Taxpayer billions could fall short in creating new jobs, more efficient cars

By Ronnie Greene and Matthew Mosk

Amid questions about whether the Obama administration played favorites with energy loans to green companies, a new audit uncovers lack of ov