McAuliffe resigned as GreenTech's chairman last year but publicly acknowledged it only this month. Documents have surfaced questioning his explanation for why he located the plant in Mississippi, not Virginia, including memos from Virginia officials expressing "grave doubts" about his business model and suggesting its financing was a "visa-for-sale scheme" for Chinese investors.
McAuliffe said the struggles of GreenTech--which once promised 1,500 jobs but today employs only 78 at its plant--are typical of any start-up in a tough economy. "How many people start electric car companies?" he said in an interview. "How many do it in a recession?"
Ken Cuccinelli has seized on the GreenTech saga in an attempt to attack McAuliffe's chief asset as a candidate, his business acumen.
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The above quotations are from Media coverage of political races in The New York Times, 2010-2019.
Click here for other excerpts from Media coverage of political races in The New York Times, 2010-2019. Click here for other excerpts by Terry McAuliffe. Click here for a profile of Terry McAuliffe.
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