- Posted July 30, 2012 by
This iReport is part of an assignment:
DOE Says No to Car Company with 21,000 Orders
Does this make any sense?
The Department of Energy has been throwing taxpayers' money down the drain with 1 green energy company after another. But...when Carbon Motors, a company with a factory in Connersville, Indiana here in the Cornfield with 21,000 reservations for the police cruiser the company wants to build, asks for a loan, nearly 3 years later in March DOE said no to a $315 million loan.
Carbon Motors set up operations in the Hoosier State in 2009 with the promise of 1,500 jobs. The company still plans to fulfill that promise some day and hopefully sooner than later.
Orders and inquiries came in from around the world. There was and is interest from 35 countries about it's specifically designed police cruiser. The cruiser uses a BMW clean diesel engine which cuts fuel costs by 40%. The cruiser has built-in night vision cameras, license plate recognition cameras, radiation and chemical detectors.
Yet, DOE said no to a loan.
In July 2009 when the company opened the doors, Connersville's unemployment rate was at 16%. The promised 1,500 jobs would and could make a big difference in the east central Indiana community.
The orders poured in. But the DOE said no.
Now the company is waiting for private funding sources to fulfill both the orders and the job commitment. Now it may be 2 1/2 to 3 years before the 1st cruiser rolls off the production line.
Carbon Motors CEO William Santana Li said, "They were held hostage by the Department of Energy for 30 plus months including my team, our investors and the entire town. It’s unfair."
Li went on to say, "We are sitting on 35 countries requesting export. By one way or another the American spirit will prevail and we will put people back to work."
From the Cornfield, once again we have the federal government picking and choosing winners and losers in the business world. To date, the government's track record indicates a penchant for always picking dogs and not thoroughbreds.