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Filed under: Manufacturing/Plants , MPG , Legislation and Policy V-Vehicle Co., the ambitious start-up that's received backing from T. Boone Pickens (among others), is moving forward with its plan to build a "fuel-efficient car for the U.S. market." The company has put in a request to the DOE for $250 million in low-interest Advanced Technology Vehicle Manufacturing program loans in order to re-open a facility in Monroe, Louisiana that was once a GM plant. The VVC plant would employ 1,400 people with an average salary of $40,000 once full production ramps up, something that will take many years. Earth2Tech reports that the state of Louisiana and local governments have offered VVC over $80 million worth of incentives and VVC says it has raised over $100 million from investors. Some of the local incentives are conditional on VVC being able to raise $350 million in equity or loans first . VVC expects to hear from the DOE next month ... http://www.depozitul.net/2009/10/repor...