SAN FRANCISCO — XP Vehicles™ (http://www.myxpcar.com) today announced it had filed a legal brief with the United States Department of Justice via the office of Attorney General Eric Holder. Copies were also sent to the White House Press office. All regarding improprieties experienced first-hand in the DOE Loan Guarantee Program and the Section 136 ATVM Loan Program. This action follows a federal investigation published by the United States Government Accountability Office (GAO).
GAO Report
The GAO found “favoritism” and blockading of certain candidates. XP stated that the filed brief is presented on behalf of the independent American alternative energy vehicle manufacturers. A large number of whom experienced the same blockades, misrepresentations, retractions, manipulated data, and favoritism. Other improprieties were also created to give advantage to very specific large entities. All this was at the cost of American small business ventures and innovation. Tesla Motors former executive Darryl Siry published a report in Wired. It touched on how these particular loan programs actually prevented American Independent car companies from getting non-government funding. The new legal brief goes even further to underscore that report.
Report Brief Names Names
The brief names the names and connects the dots to parties who appear to have been involved in the deployment of taxpayer dollars in less than transparent ways and means.
XP and its industry associates applaud the GAO report but felt that it only covered the tip of the iceberg. Multiple CEO’s from American independent alternative energy vehicle companies have offered to testify on the matter at an open public hearing. This would be on CSPAN, and all other interested networks, at the time and place chosen by Congress. XP is seeking re-review of all small business applicants.
XP Vehicles is a Bay Area start-up formed by technology experts and a consortium of companies. Each company is expert in their component area. XP is known for developing the X-Panel™ composite structure, a new type of material to build cars with. While it has been referred to as “inflatable,” the X-Panel material is actually a multicell micro-array. This creates the most crash-proof, longest range, lowest cost electric vehicles on Earth.
Source: EVWorldwire
Class: EVWORLDWIRE
