Former DNC chairman to announce electric car venture in China
Terry McAuliffe, chief of GreenTech Automotive in McLean, is in China this weekend, announcing a venture with Shengyang Zhongrui Investment. A plant in Inner Mongolia will have the capacity to build 300,000 cars per year with components made by GreenTech. McAuliffe was chairman of the Democratic National Committee. Many believe he is gearing up for another campaign for governor of Virginia.
Q: Describe the company and the business plan.
A: We are building electric and hybrid automobiles that are being sold around the world. The company's motto is: "It's not green unless it is affordably green." We have one plant in operation now in Mississippi and another under construction in Tunica, Miss., an area with tremendously high unemployment. We will soon be announcing our third U.S. facility. In addition, we have just broken ground for a new joint venture in Ordos, China, to produce 300,000 cars per year at full capacity.
Read full article >>
--
Source: http://feeds.washingtonpost.com/click.phdo?i=0934193c10fe6774cea78e472f3eef3f
~
Manage subscription | Powered by rssforward.com
