It looks like America will get two new hybrid auto companies from China.
A startup car company run by a Chinese businessman unveiled four prototype vehicles on Tuesday that it hopes to build at a proposed multibillion-dollar car plant in northwestern Mississippi.There was a little dust up among the original partners and now there are two car companies where there was one.
GreenTech Automotive Inc. planned to break ground later in the day on what officials said would be a $6.5 billion plant on 1,500 acres Tunica County, south of Memphis, Tenn. The company said it has an option to buy more land as needed.
GreenTech was formerly known as Hybrid Kinetic Automotive Corp., but that changed after Wang and Yeung split. The men fought for control of the company before reaching a settlement in July. Both said they will move forward with plans to build 1 million cars a year, though Yeung is now planning to build a plant in Alabama.A messy divorce no doubt.
Yeung and Wang fought over the terms of their "handshake" business deal and whether they were partners or whether Wang worked for Yeung, according to filings in U.S. District Court in northern Mississippi. Each man accused the other of dubious business practices.
Did you notice that both companies are building plants in the South? Far away from union strangled Detroit. And did you notice that both Alabama and Mississippi are right to work states?
Look for the union label. And if you find one don't buy it. Or set up a plant where unions are strong. Government Motors and Crisis Motors show that unions are the kiss of death for business. Soon it will become evident that union contracts are also the kiss of death for government. Heh.
Ah. But that is not all. Unions and high costs are killing the movie business in California. Three movies got made in California last year. So where are the movies getting made? In right to work states mostly. See the comments at the link. Heh. Heh.