Electric car maker misses debt payment to Mississippi

Electric car maker GreenTech Automotive, which once planned to build 250,000 cars a year and invest $2 billion in an impoverished corner of Mississippi's Delta region, has missed a debt payment to the state of Mississippi.

Chinese businessman's plan produces few cars, jobs

In October 2009, GreenTech Automotive Inc.'s owner, Chinese businessman Xiaolin "Charles" Wang, unveiled four prototype cars during a flashy ceremony and promised to build a $2 billon plant in Mississippi, the poorest state ...