T. Boone Pickens-Backed Auto Startup Gets Rejected by the DOE

(Possible pieces of the secretive V-Vehicle, taken from a promo video)

Poor T. Boone Pickens. The oil mogul had such dreams of green grandeur--the world's biggest wind farm!--but his biggest ideas are proving too tough to work out. Earlier this week, V-Vehicle, a stealthy auto startup backed by Pickens and Kleiner Perkins, announced that the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) loan program rejected its request for $321.1 million in federal loans. The...