Federal loan rejected for Carbon Motors

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. 

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