Bright Automotive goes dark citing onerous Dept of Energy loan terms
Bright Automotive, would-be manufacturer of a plug-in hybrid delivery van, shut down today while CEO Reuben Munger and COO Mike Donoughe delivered a blistering letter to Energy Secretary Stephen Chu calling the Advanced Technology Vehicles Manufacturing program a debacle. Indiana based Bright Automotive, a start-up company which hoped to sell hybrid-electric delivery trucks, has closed its…
