Tens of thousands of electric cars were to be rolling off assembly lines by now at a Mississippi factory funded by millions of dollars in foreign money. But last year, GreenTech Automotive, the company Terry McAuliffe co-founded and described as “part of a rebirth for American manufacturing,” produced just 25 vehicles and sold none, according to federal records.
A total of 75 people worked at the plant in rural Tunica County and at the company’s Virginia office — less than a fifth of the number of employees the company projected in 2011. The operation lost money from 2009 to Aug. 31, 2015, the records state. A GreenTech business plan pledges better days to come, but the federal agency that decides whether the company’s foreign investors get green cards doesn’t buy it. Company projections, a federal official wrote, are “not credible by the preponderance of the evidence.”
That conclusion helped prompt officials to reject an EB-5 green card application filed by a GreenTech investor from Inner Mongolia, China, according to a 34-page U.S. Citizenship and Immigration Services decision obtained by The Roanoke Times. The document provides a rare and deep look inside the struggles of the company McAuliffe left behind in December 2012 to concentrate on his successful run for governor.
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