Van maker backed by Energy Dept. loans shuts down

Published May 9, 2013 6:31pm ET



WASHINGTON (AP) — A Michigan company that received a $50 million federal loan to make vans for the disabled has stopped production and laid off its 100 workers.

Vehicle Production Group, or VPG, suspended operations in February after its finances dipped below a minimum level required as a condition of the federal loan.

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