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Bright Automotive says it's ready to heed Obama's call for more jobs, just needs its loan approved
Filed under: EV/Plug-in, Hybrid, Bright AutomotiveBright Automotive Chief Operating Officer Mike Donoughe invoked President Barack Obama's recent call for U.S. companies to create American jobs while developing alternative energy sources for transportation by requesting that Congress speed up the company's federal loan process.



The company, which is developing the Bright IDEA plug-in hybrid-electric cargo van, is "ready, willing and able" to create as many as 2,500 direct and indirect U.S. job once production is up and running. The hold up? Its loan request from the U.S. Energy Department's Advanced Technology Vehicle Manufacturing (ATVM) Program hasn't yet been processed, something that Donoughe said in a statement this week should be done "swiftly."



Bright Automotive said last November that it reached an agreement to make the IDEA at the AM General Corp factory in Mishawaka, IN, where the Hummer H2 was previously built. At the time, the company estimated that about 300 people would be employed there. The IDEA is expected to deliver about 40 miles on electricity, then switch over to gasoline power, giving the delivery van a range similar to that of the Chevrolet Volt.



The company, which was founded in 2008 by the battery specialist who helped develop General Motors' EV1 electric vehicle and spun off from the Rocky Mountain Institute, said late last year that the IDEA may be available for government and fleet purchases as early as 2014. The company had initially planned on having its plug-in truck ready by this year, but development was put on hold during the recent recession and financial crisis.

Continue reading Bright Automotive says it's ready to heed Obama's call for more jobs, just needs its loan approved

Bright Automotive says it's ready to heed Obama's call for more jobs, just needs its loan approved originally appeared on AutoblogGreen on Fri, 27 Jan 2012 18:00:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

Tags: Advanced Technology Vehicle Manufacturing Incentive Program, ATVM, bright, bright automotive, bright idea, cargo van, federal loans, IDEA, indiana, obama, plug-in hybrid


Bright Automotive says it's ready to heed Obama's call for more jobs, just needs its loan approved was originally published by AutoblogGreen. Read the full story by clicking here.

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