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 [...] [...]
A Q&A with GreenTech president Terry McAuliffe that appeared over the weekend on the Washington Post’s website has a lot of the same information that Magnolia Marketplace has reported since January. The production of the company’s MyCar neighborhood electric vehicle will start in Horn Lake late this year, and the Tunica facility, where GTA hopes [...] [...]
This much is certain: By the end of 2011’s third quarter, two years after the company announced its plans to build hybrid vehicles in Tunica, GreenTech Automotive could start operations. Here’s what is unsettled: What the company will be building and where it will be built. Last May, GTA announced it was buying Hong Kong-based [...] [...]
Despite groundbreaking for billion dollar Tunica car plant, GreenTech officials are MIA In the roughly eight months since Chinese businessman Charles Wang popped up in Tunica County and claimed he wanted to build a hybrid vehicle manufacturing facility there, not much has happened, and even less has been heard. State economic development officials all say [...] [...]
Terry McAuliffe, whose time as head of the Democratic National Committee was marked by record fundraising, has taken over role of chairman for GreenTech. Since at least a portion of the capital needed to get the project moving will come from the EB-5 investment program, which offers Visas to foreigners who invest a minimum of [...] [...]
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