Federal loan rejected for Carbon Motors
Posted: Mar 8, 2012 9:52 AM EDT | Updated: Nov 5, 2014 7:47 PM EDT
CONNERSVILLE, Ind. -- Another Indiana firm is blaming the government for shutting down plans to put Hoosiers to work.
This time Carbon Motors said the U.S. Energy Department rejected a bid for a $310 million loan. The company planned to make high tech police cars in Eastern Indiana.
Carbon Motors calls the loan rejection, “a political decision in a highly-charged, election year environment."
They planned to hire 1,500 people. Just last week, Bright Automotive announced it was folding after failing to receive a similar energy loan of $450 million.