Elio Motors Inc. (ELIO)

[abracky]

Look familiar?

Solyndra, the solar panel manufacturer who took more than $500 million from President Obama’s stimulus then went bust, sticking taxpayers for the loss, lied to federal officials to secure the loan, the Energy Department’s inspector general said in a report released Wednesday.

Elio is hoping to extract government goodies through programs generally opposed by the president and national Republicans. Chief among them are potential revenue streams through the federal Corporate Average Fuel Economy standards, which set average mileage requirements for U.S. automobiles. The program allows manufacturers to amass credits for their high-mileage vehicles, which they can then use to offset their lower-mileage models—or sell to other manufacturers who might not otherwise meet the higher standards.

imo