GreenTech, the electric car company once led by McAuliffe, files for bankruptcy
- By Ned Oliver Richmond Times-Dispatch
Associated Press | File 2012
Terry McAuliffe and former Mississippi Gov. Haley Barbour take a spin in a GreenTech electric car.
2012, THE ASSOCIATED PRESS
Associated Press | File 2012
Terry McAuliffe and former Mississippi Gov. Haley Barbour take a spin in a GreenTech electric car.
2012, THE ASSOCIATED PRESS
The electric car company founded by former Gov. Terry McAuliffe filed for Chapter 11 bankruptcy this week, blaming in part a wave of negative coverage by a conservative news website for its financial woes.GreenTech Automotive’s bankruptcy petition cites 76 articles by the website Watchdog.orgit says “negatively affected governmental, investor and public perception of GreenTech” and prompted investigations by the Securities and Exchange Commission and the Department of Homeland Security.GreenTech in 2013 sued Watchdog.org, operated by the Franklin Center for Government and Public Integrity, for $85 million. A judge dismissed the case in 2014.
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McAuliffe resigned from GreenTech in late 2012 during his run for governor. Early in the campaign, he featured the company prominently, pitching himself as a forward-thinking entrepreneur.
The electric car company founded by former Gov. Terry McAuliffe filed for Chapter 11 bankruptcy this week, blaming in part a wave of negative coverage by a conservative news website for its financial woes.GreenTech Automotive’s bankruptcy petition cites 76 articles by the website Watchdog.orgit says “negatively affected governmental, investor and public perception of GreenTech” and prompted investigations by the Securities and Exchange Commission and the Department of Homeland Security.GreenTech in 2013 sued Watchdog.org, operated by the Franklin Center for Government and Public Integrity, for $85 million. A judge dismissed the case in 2014.
Keep up with the latest business news with our email newsletter
SUBSCRIBE TODAY
McAuliffe resigned from GreenTech in late 2012 during his run for governor. Early in the campaign, he featured the company prominently, pitching himself as a forward-thinking entrepreneur.
The electric car company founded by former Gov. Terry McAuliffe filed for Chapter 11 bankruptcy this week, blaming in part a wave of negative coverage by a conservative news website for its financial woes.GreenTech Automotive’s bankruptcy petition cites 76 articles by the website Watchdog.orgit says “negatively affected governmental, investor and public perception of GreenTech” and prompted investigations by the Securities and Exchange Commission and the Department of Homeland Security.GreenTech in 2013 sued Watchdog.org, operated by the Franklin Center for Government and Public Integrity, for $85 million. A judge dismissed the case in 2014.
Keep up with the latest business news with our email newsletter
SUBSCRIBE TODAY
McAuliffe resigned from GreenTech in late 2012 during his run for governor. Early in the campaign, he featured the company prominently, pitching himself as a forward-thinking entrepreneur.
Keep up with the latest business news with our email newsletter
SUBSCRIBE TODAY
McAuliffe resigned from GreenTech in late 2012 during his run for governor. Early in the campaign, he featured the company prominently, pitching himself as a forward-thinking entrepreneur.
