Posts Tagged ‘GreenTech Automotive’

Will the GreenTech project survive investigation, challenges?

TUNICA — It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles. GreenTech Automotive Inc. announced in 2009 production would […] [...]

Former GreenTech fundraising partner under federal investigation

One of the fundraising functions for GreenTech Automotive is under federal investigation related to President Barack Obama’s pick for the No. 2 spot at the Homeland Security Department. Gulf Coast Funds Managament, LLC, serves Mississippi and Louisiana under the EB-5 program, which allows foreign investors to earn permanent resident visas for investing in U.S. economic […] [...]

Virginia GOP attacks former GreenTech chairman in heated governors race

TUNICA — New developments in a federal investigation of a program that offers U.S. visas to foreign investors have Virginia Republicans attacking Democratic gubernatorial nominee Terry McAuliffe and the electric-car firm he headed with a plant in Mississippi and ties to China. The Associated Press reported yesterday that President Barack Obama’s pick for the Homeland […] [...]

GreenTech sues online watchdog for libel

North Mississippi electric carmaker GreenTech Automotive is suing an online government watch dog for libel. GreenTech manufacturers the MyCar, a small electric vehicle, in Horn Lake. It has plans to make full-size vehicles at a facility in Tunica. Terms of a loan the state made to GreenTech call for production to start there no later […] [...]

McAuliffe gone, GreenTech works to fulfill loan terms

GreenTech Automotive has until the end of 2014 to create a minimum of 350 jobs at its Tunica facility, per the terms of a $3-million loan the Mississippi Development Authority made the company. The loan, made in September 2011, is to help the hybrid car company with site preparation and what an MDA spokesperson called […] [...]

Mississippi gambles on technology developments some deem to be too risky

For years, Mississippi has placed a priority on providing assistance to technology companies to create jobs that pay more than average and help improve the economy of the state. But the failure of some of those start-up companies to get off the ground despite major incentive packages from the state raises concerns. Under the administration […] [...]

GreenTech launches its MyCar vehicle

by Published: December 29,2012

Tags: automotive news, electric hybrid cars, GreenTech Automotive, MyCar

GreenTech Automotive launched its MyCar line in Horn Lake July 6. It marked the company’s first production run since its arrival in Mississippi. Charles Wang, CEO of Virginia-based GTA, said at an October 2009 ceremony in Tunica that his company would build a massive facility there that would produce gasoline-electric hybrid vehicles. Production capacity numbers […] [...]

Read December 28 issue of MBJ

>> OUR TOP STORIES OF 2012 Hurricane Isaac, the Mississippi River, Republicans, GreenTech Automotive and “high gravity” legislation were some of the biggest stories of the year Also in this week’s paper: >> MORE TOP STORIES MPC coal plant awaits court ruling, Twin Creeks falls through, remembering Mayor Chuck Jordan >> MBJ-TV Glen Campbell, Mitt […] [...]

Read June 4 issue of the MBJ

>> LAUNCH IS NEAR GreenTech will begin MyCar production in Horn Lake next month— By Clay Chandler Also in this week’s paper: >> HABITAT, OTHER NON-PROFITS FREE FROM MORTGAGE RULES Many of Habitat’s chapters feared they could not meet the SAFE Act rules— by Ted Carter

 >> TRUESOUTH READY TO INTRODUCE ITSELF Director says ticket sales […] [...]

GreenTech’s MyCar dream set for reality

by Published: July 17,2011

Tags: GreenTech Automotive, Horn Lake, MyCar

GreenTech Automotive is on schedule to begin production of the MyCar at the old Dover Elevator Building in Horn Lake by the end of the third quarter. And Lyn Arnold, president and CEO of the Tunica County Chamber of Commerce, told the Mississippi Business Journal in an interview last week that she hopes an announcement […] [...]

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