A DOE $50 million Dollar backed Love Child Bites the Dust

A Michigan maker of vans for the disabled that received a $50 million Energy Department loan has quietly ceased operation and laid off its staff. 

Vehicle Production Group, or VPG, stopped operations after finances dipped below the minimum required as a condition of the government loan, says former CEO John Walsh. Though about 100 staff were laid off and its offices shuttered, the company has not filed for bankruptcy reorganization.

VPG, of Allen Park, Mich., received its Energy Department loan under the same clean-energy program -- now under fire by House Republicans -- that originally committed $527 million to troubled plug-in hybrid carmaker Fisker Automotive and $535 million to solar start-up Solyndra, which has filed for bankruptcy reorganization. VPG was deemed eligible for the clean energy loan because some of its vans were to be fitted to run on compressed natural gas.

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