Federal loan-fueled Allen Park van maker shuts down

Vehicle Production Group fails 3 years after receiving $50 million federal loan

Author: Matt Morawski, Local 4 News Today Executive Producer
Published On: May 09 2013 04:20:03 PM EDT   Updated On: May 09 2013 04:31:48 PM EDT
Vehicle Production Group van
ALLEN PARK, Mich. -

An Allen Park company that got a $50 million loan from the federal government to build vans for the disabled has shut down.

Vehicle Production Group stopped operating in February after their balance sheet dipped below a minimum level required by the government.

The company got the money in 2010 as part of a clean-energy program.