» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 132 | NO. 11 | Monday, January 16, 2017

Electric Car Maker Greentech Lays Off Mississippi Workers

By JEFF AMY, Associated Press

Print | Front Page | Email this story | Comments ()

JACKSON, Miss. (AP) – Electric car maker GreenTech Automotive has laid off some or all employees at its Mississippi Delta plant.

Mississippi Department of Employment Security spokeswoman Dianne Bell told The Associated Press Thursday that the agency has been told GreenTech is "shutting down" in Tunica County.

GreenTech didn't return requests for comment.

GreenTech owes Mississippi $2.85 million, after making an overdue $150,000 loan payment. GreenTech has said it's trying to raise money by merging with a Chinese company.

Mississippi Development Authority spokesman Jeff Rent said Friday the state continues working with GreenTech.

Previously, GreenTech has raised money from Chinese people who can obtain U.S. residency by investing $500,000.

A 2015 report found a federal official broke ethics rules when he aided GreenTech's visas. Among former insiders is Terry McAuliffe, now governor of Virginia.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 66 13,508
MORTGAGES 76 76 15,642
FORECLOSURE NOTICES 11 11 2,150
BUILDING PERMITS 0 0 27,758
BANKRUPTCIES 67 67 8,717
BUSINESS LICENSES 21 21 4,586
UTILITY CONNECTIONS 32 32 5,425
MARRIAGE LICENSES 28 28 2,922

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.