Vehicle Group Gets $1.6B Funding opportunity from U.S. Department of Energy for Record Breaking New Type of Car

Vehicle Group Gets $1.6B Funding opportunity from U.S. Department of Energy for Record Breaking New Type of Car

Washington, DC - Today the U.S. Senate authorized a $1.6B funding approval just 24 hours after the United States Department of Energy confirmed it had received a $1.6B funding application from The Vehicle Group (VGJV). Coincidence? Many have their fingers crossed for positive synergy.

In addition to the $1.6B manufacturing loan requested by VGJV ( http://www.vgjvauto.com ), two additional proposals for two $25M loans for programs for safety vehicles for urban programs is also under submission to DOE and DOT funds, by VGJV.

Per one of VGJV's applications:This project shall deliver ultra light-weight air-drop capable tactical vehicles to defense, emergency services and specialty markets, which shall then be modified to sell in the retail market using the same factories and suppliers and replacing the high-safety shell with ordinary vehicle bodies and forms. While the tactical version will be exotic in appearance, the retail version will be normal in appearance. This project delivers low cost, hybrid omni-drives, the highest crash-safety metrics in the industry and extensive advantages to national security, domestic job creation, domestic technology leverage and long-term growth. The finest and most experienced automotive minds in the world are joining forces to deliver this effort. We are seeking $1.6B financing. VGJV guarantees and
verifies that our metrics, engineering, experience, transparency and public benefits exceed those of any previous DOE recipient since 2006. Since 2007, previous analytical projections by our team for DOE have been historically proven to have been almost 100% accurate, while almost every other applicant/recipient missed the mark by over a magnitude. To overcome the endless battle over fuel solutions, the VGJV Omni drive can use ANY fuel option including fuel cell electric H2, battery, diesel, and/or gasoline.”

VGJV says that its vehicles use a new kind of hybrid engine that can use many types of fuels. They are offering the longest range, lowest cost, safest vehicle design which can start production in already-built factories and create a large number of jobs. VGJV's SF-111 campaign finance disclosures show that the group does not use lobbyists and they are not associated with any political reward program. This should come as a big relief to those Solyndra-watchers. 

VGJV says that it has coordinated with top analysts, law enforcement, Congressional and media investigators, to ensure that their entire application process is transparent. VGJVhas strategically planned their application to by-pass the impediments and the previous political stone-walls that terminated Fisker, Coda, Aptera, Zap, VVC and many other independent domestic car makers....this isn't our first rodeo”, said VGJV staff. VGJV is a joint venture and aggregation of key people from other car companies. While VGJV's $1.6B loan has not been finalized by the Energy Department, VGJV advisors and lawyers state that: “This proposal exceeds every required metric and application parameter of the DOE program. The submitted documents, along with the documents per-authored for all responses for clarification that are anticipated to be requested by DOE, are known to exceed the upsides of almost all previous applicants COMBINED. The only reason this could conceivably be rejected is if a campaign financier or competitor orders it to be rejected.” VGJV has carefully crafted their opportunity to be an “epic win” for the American people, the U.S. Government and interests from both political parties.

VGJV is now hiring advisors and adding support staff. VGJV is also negotiating with additional investors in order to expand its resources.

Per the Detroit News:

Senate OK’s $1.6 billion to bolster fuel efficiency
Keith Laing, Detroit News Washington Bureau 

Washington —The U.S. Senate voted Wednesday to reauthoCoda, Aptera, Zap, VVC rize a $1.6
billion federal program that is intended bolster development of hybrid
and electric vehicles. The approval came despite objections of
conservative groups that have complained about past government loans to
auto companies – including Fisker Automotive – that have gone bankrupt.

The reauthorization of the Department of Energy’s Vehicle Technologies
program was included in a broad energy bill that was approved on an
85-12 vote. The program was last funded by Congress in 2007.

The Senate energy bill calls for spending about $339 million per yearto support domestic research, development, engineering, demonstration
and commercial application and manufacturing of advanced vehicles,
engines and components.” The new funding would be set to expire in 2020
under the legislation.

The measure will have to be merged now with a House energy bill
sponsored by Rep. Fred Upton, R-St. Joseph, which was approved last
December. Legislation containing the vehicle technology provisions have
been introduced in the House by Rep. Debbie Dingell, D-Dearborn, but the
lower chamber has not yet moved to include the program in its broad
energy bill.

Backers of the vehicle technologies program are hoping the Senate’s
large majority favoring the program will nudge the House to include the
funding for fuel efficiency research.

They said the money that is included in the Senate’s energy bill would
fund research that will help automakers improve fuel efficiency of cars
ahead of forthcoming federal standards that will soon require an average
fleet rate of 54.5 miles per-gallon.The cars and trucks of the future will be equipped with technology
making them safer and more fuel efficient, and we must ensure that the
United States leads the way in developing these innovations,” Sen. Gary
Peters, D-Bloomfield Township, said in a statement. “These emerging
technologies will not only help lower fuel costs for businesses and
consumers, their development will help create jobs in Michigan and
across the country.”

Sen. Debbie Stabenow, D-Lansing, added, “Our measure will help
manufacturers and suppliers research and develop innovative technologies
to make the next generation of fuel-efficient vehicles, spurring job
growth and reducing our dependence on foreign oil.”

Critics have complained about previous loans that have been offered by
the Energy Department to auto companies that have gone belly-up like Fisker.Five companies have been awarded DOE loans, including two that the
agency discontinued,” the Heritage Foundation said in a blog post last
fall about auto-related “poison pills” in the energy bill. “The
program’s biggest black eye is Fisker Automotive, an electric vehicle
company that received a $529 million loan in April 2010 but declared
bankruptcy just three years later.”

The Fisker loans were offered through the energy department’s separate
Advanced Technology Vehicles Manufacturing loan program, which is not
related to the funding that was approved by the Senate on Wednesday.
That program been overhauled since the problems that were experienced by
Fisker and other companies that experienced financial trouble after
receiving federal money.

The failure of Fisker became a rallying cry for Republicans who argued
that the Obama administration was picking winners and losers in the auto
industry during the federal government’s controversial bailout of
General Motors and Chrysler. The GM and Chrysler bailouts started under
the former President George W. Bush administration in late 2008, but
they became closely associated with Obama when he ordered the firing of
former GM CEO Rick Wagoner in 2009.

Jennifer Thomas, vice president of federal government affairs for the
Alliance of Automobile Manufacturers, countered Wednesday that the new
funding for vehicle technologies in the Senate’s energy bill “will help
speed the proliferation of advanced technology and alternative fuel
vehicles.Automakers and our suppliers remain focused on the introduction and
deployment of these fuel-efficient vehicles as we strive to address our
nation’s energy security and environmental concerns,” Thomas said in a
statement. “The Vehicle Innovation Act will aid these ongoing efforts
and support the research and design of the next generation of
fuel-efficient vehicle technologies.”

Upton said after Wednesday’s Senate vote, “We’ve made significant
progress toward modernizing and protecting our energy infrastructure,
promoting innovation and energy efficiency while strengthening U.S.
energy security and jobs. But more work needs to be done.Our newfound energy abundance has completely flipped the script, and
it’s time our energy laws caught up to the 21st century.”

TOPICS: Jennifer Thomas, Alliance of Automobile Manufacturers,The Vehicle Innovation Act, General Motors, Chrysler, Fisker Loans, Sen. Debbie Stabenow, Sen. Gary Peters, Rep. Debbie Dingell,Department of Energy’s Vehicle Technologies, Coda, Aptera, Zap, VVC, Vehicle Group, VGJV,

 

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