Team Obama picking winners and losers on top of stealing.
A high-tech electric car manufacturer and its related battery manufacturer are suing the Department of Energy, alleging the department improperly denied the companies a loan and leaked patented technology to competitors.
Cause of Action, a government watchdog group, is representing XP Vehicles and Limnia Inc. in two separate lawsuits in two different courts against the Department of Energy, Secretary of Energy Steven Chu, and director of the Advanced Technology Vehicles Manufacturing [ATVM] loan program Lachlan Seward.
The Department of Energy is guilty of an implied breach of contract and unconstitutional taking of private property and of violating a federal statute protecting confidential information, constitutional due process protections, and the Administrative Procedures Act, the plaintiffs allege.
Dan Epstein, executive director of Cause of Action, said XPV was an “innovative start-up company” with the potential to reshape the American automobile market that had suffered “severe due process violations” at the hands of the government.
XPV had developed an all-electric powered car that used “polymer plastics and skinned expanded foam pressure membranes to replace metal doors, body panels, hoods, and roofs on a lightweight alloy frame,” according to thecomplaint filed in the Court of Federal Claims. The car was designed to be extremely light and affordable.