RTEV Applying for $15M Loan

Lee, Michael
January 2009
Red Herring;1/6/2009, p3
Trade Publication
This article reports on the move of electric car manufacturer RTEV to apply for U.S. federal loan funds for its electric vehicle, the Wheego Whip. The funds will be used for the construction of two assembly plants and a testing facility. The funding will also allow the company to ramp up the speed and range of the car. RTEV Chief Executive Officer (CEO) Mike McQuary is confident that the company can attract customers regardless of technical specifications.


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