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Did U.S. Taxpayers Boost Bailout of British EV Investors?
NLPC readers by now have learned there is more than meets the media’s eye when it comes to the Obama administration’s “Green” initiatives, and specifically, the government-subsidized electric vehicle...
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Frito-Lay/PepsiCo Cashes in On Electric Truck Subsidies
Last week Frito-Lay, the $12 billion snack foods division of PepsiCo, boasted it would add 10 all-electric delivery trucks in Orlando, Fla., as part of its plan to deploy 176 such vehicles in the U.S....
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Infinite Taxpayer Money Needed for Electric Truck Company's Survival
Despite a new report out of the United Kingdom that says the future of the business is bleak without government subsidies, a three-year-old unprofitable electric truck company that received $32 million...
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Taxpayer-Funded Electric Vehicle Maker Needs IPO Cash to Survive
Smith Electric Vehicles, which is using $32 million in taxpayer stimulus to practically give away its delivery trucks to corporations like Frito-Lay (owned by PepsiCo), Coca-Cola and Staples, is...
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Taxpayer-Funded EV Company Abandons IPO It Thought Would Save It
The failing British electric vehicle company that pretended to become an American one in order to save its U.K. investors has scrapped its planned initial public offering that it hoped would save it in...
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Bottomless Subsidies Needed to Keep DOE Electric Truck Project Alive
Despite little news over the past nine months since its last-minute abandonment of an initial public offering that was supposed to raise $76 million in cash, stimulus recipient Smith Electric Vehicles...
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Energy Dept. Revives Stimulus Loans as Another Electric Vehicle Co. Stalls
As Energy Secretary Ernest Moniz announced last week a renewed push to provide $16 billion in taxpayer-backed loans for “clean” technology vehicles, more bad news emerged from another stimulus-funded...
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Electric Truck Company Looks Like Next Stimulus-Funded Bankruptcy
An electric truck manufacturer that was awarded $32 million from President Obama’s stimulus program has informed one of its investors that it is on the verge of bankruptcy, if it did not raise $4.5...
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Chinese Swoop in on Taxpayer-Subsidized Electric Truck Maker
The painful and fruitless existence of Smith Electric Vehicles, waster of $32 million in U.S. taxpayer funds, has been extended after yet another near bankruptcy.The Kansas City electric delivery truck...
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Brit Investment Company Gives Up on US Electric Truck Maker
A British investment company has thrown in the towel on an electric delivery truck manufacturer that it once wholly owned, saw fail, then spun off in the United States at the height of President...
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