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Advanced Technology Vehicles Manufacturing … Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil. Of the 108 requests made, 5 were approved to receive $8.4 billion, with the majority of that amount under repayment.e majority of that amount under repayment.
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ATVM budget
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brown
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May 2022
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|
$529 M April 2010: Fisker
, $50 M March 2011: Vehicle Production Group
, $1,448 M January 2010: Nissan
, $16,600 M 2015: Remaining authority
, $5,907 M September 2009: Ford
, $465 M January 2010: Tesla
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Advanced Technology Vehicles Manufacturing … Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil. Of the 108 requests made, 5 were approved to receive $8.4 billion, with the majority of that amount under repayment.e majority of that amount under repayment.
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