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Going against irony and long odds, there are presently at least eight startup companies trying to secure ground-floor footing within the nascent U.S. plug-in car market. If not immediately obvious, that’s a lot of companies who’ve decided to reach for what could be but a needle-in-a-haystack opportunity against now-waking-up incumbent automakers flush with cash and […]

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Startup electric carmaker GreenTech Automotive has missed its first loan payment to the state of Mississippi for its assembly plant. On June 30, GreenTech missed the first loan payment of $150,000 on its $3 million loan. Mississippi made the loan agreement with the company five years ago to generate good paying jobs at the Tunica, […]

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