This one was actually a two-fer of government social engineering, green and “uniquely designed to meet or exceed Americans with Disabilities Act (ADA) guidelines.” Ah yes, the wheelchair-accessible way to save the planet. I can just see Pavlovian grins stretching ear to ear on progressive faces everywhere.
Alas, it was not to be.
Another alternative vehicle company that received a federal loan guarantee from the Obama administration has quietly closed its doors and laid off all its employees after it failed to meet financial benchmarks required to keep getting taxpayer dollars.
Vehicle Production Group CEO John Walsh said that the company has stopped production and laid off about 100 staff.
The company was given a $50 million loan guarantee by the Obama administration in 2011 to build the MV-1– a six-passenger, wheelchair-accessible van that would run on compressed natural gas. The vans went on sale in 2011 at a starting price of $39,950.