Tag: Greentech
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Dodging a Bullet
Virginia voters have swept Terry McAuliffe into the dustbin of political history, so one might reasonably ask if there is any point in re-hashing more of the GreenTech Automotive story than Bacon’s Rebellion has already detailed in a recent five-part series. The answer is yes. One part of the tale is still worth retelling —…
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Masters of Hype and Puffery
This is the fifth in a series of articles about Terry McAuliffe and GreenTech. by James A. Bacon and Carol J. Bova On July 6, 2012, GreenTech Automotive launched the rollout of the “all-American” MyCar electric vehicle at a ceremony attended by former President Bill Clinton, the governor of Mississippi, the assistant secretary of Homeland…
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Shearing the Sheep
This is the fourth in a series of posts about Terry McAuliffe and GreenTech Automotive. by James A. Bacon and Carol J. Bova The Chinese citizens who lost $500,000 each from investing in GreenTech Automotive were not happy with their setback. While they had ponied up their money as part of a scheme to get…
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Dreams from the Opium Den
This is the third article in a series about Terry McAuliffe and GreenTech. by James A. Bacon and Carol J. Bova When partners Xiaolin “Charlie” Wang, Anthony Rodham, and Terry McAuliffe banded together in 2009 to finance and build an electric vehicle enterprise known as GreenTech Automotive, they thought big. Very big. In a 2009…
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A Handshake Deal Gone Bad
This is the second in a series of articles about Terry McAuliffe and Greentech. by James A. Bacon and Carol J. Bova Fourteen years ago, Benjamin Yeung was a Chinese entrepreneur whose companies manufactured and sold minibuses, passenger cars and business vehicles in China. In 2007 he launched a venture with the idea of building…
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Where Did $140 Million in GreenTech Money Go?
This is the first in a series of articles about Terry McAuliffe and GreenTech Automotive. by James A. Bacon and Carol J. Bova In September 2016, the Office of the State Auditor (OSA) of the state of Mississippi began undertaking a review of the contracts signed by the state’s economic development authority. The goal was…